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Income Tax - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Deduction under section 80IB - Nature of processing charges ...


Processing Charges from Agro Chemical Manufacturing Not Eligible for Section 80IB Tax Deduction.

August 13, 2013

Case Laws     Income Tax     AT

Deduction under section 80IB - Nature of processing charges received by assessee - Assessee is engaged in the business of manufacturing of agro chemical products and seeds - cannot be said to be profit derived from the eligible undertaking of the assessee eligible for deduction u/s 80IB - AT

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