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Income Tax - Highlights / Catch Notes

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Exemption u/s 10B - Transfer or sale of undertaking -The ...


Section 10B IT Act: Successor Entitled to Unexpired Tax Benefits for 5 Years if Business Sold as Going Concern.

July 23, 2014

Case Laws     Income Tax     HC

Exemption u/s 10B - Transfer or sale of undertaking -The successor would be entitled to benefit of the unexpired period of five years provided the undertaking was taken over as a running concern - HC

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