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Income Tax - Highlights / Catch Notes

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Deduction u/s 80IB (10) (a) - If this condition is not ...


Section 80IB(10)(a) Non-Compliance Leads to Deduction Withdrawal for Work in Progress Accounting Method Users.

November 1, 2015

Case Laws     Income Tax     HC

Deduction u/s 80IB (10) (a) - If this condition is not fulfilled, the assessee who maintains work in progress accounting method and has claimed deduction under Section 80IB(10)(a) must suffer the consequence of disallowance or withdrawal of the benefit claimed by him on that count. - HC

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