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Income Tax - Highlights / Catch Notes

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Deduction u/s 80IB(10) - Interest received from the purchases on ...


Interest on Delayed Payments Qualifies for Deduction u/s 80IB(10) in Housing Development Business.

August 5, 2013

Case Laws     Income Tax     HC

Deduction u/s 80IB(10) - Interest received from the purchases on delayed payments - Such receipt cannot be stated to be not arising out of the assessee's business of development of housing project - deduction allowed - HC

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