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Deduction under section 37 of the Income-tax Act.

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..... tile Mill on account of non-fulfilment of the prescribed quota of production of such variety of cloth as may be directed to be produced and packed by the Textile Commissioner under clause 21A(1) of the Cotton Textiles (Control) Order, 1948 during a specified period, would be allowable as deduction in the hands of the producer under section 37 of the Income-tax Act, 1961. It was then decided that a .....

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..... , decided to withdraw all the appeals pending before the Supreme Court on this issue . Accordingly, all the Commissioners are requested to withdraw/concede all such matters pending in appeal at different stages of the appellate proceedings. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com .....

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