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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Exemption u/s 10B - as the assessee has failed to demonstrate ...

Case Laws     Income Tax

February 18, 2016

Exemption u/s 10B - as the assessee has failed to demonstrate with convincing reason that no indirect expenditure on account of salary and bonus was incurred in respect of Vapi Unit, we uphold the view of the Departmental Authorities that salary expenditure has to be allocated to both the units on the basis of turnover - AT

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