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Income Tax - Highlights / Catch Notes

Home Highlights March 2014 Year 2014 This

Exemption u/s 10(15) - Mining itself is complex and capital ...


Section 10(15) Income Tax Exemption Applies to Complex, Capital-Intensive Mining Activities Involving Multiple Parties.

March 20, 2014

Case Laws     Income Tax     HC

Exemption u/s 10(15) - Mining itself is complex and capital intensive and may require inter play and activities by several persons which may be involved in different parts/aspects of mining and accordingly paid for the part played or activities undertaken by them – thus, the undertaking would be “engaged in mining”. - HC

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