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Income Tax - Highlights / Catch Notes

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Eligibility of deduction u/s 80IC - nature of activity ...


Electric Bike Parts Assembly Qualifies for Deduction u/s 80IC as Manufacturing, Not Just Assembling, Says Court.

July 9, 2016

Case Laws     Income Tax     AT

Eligibility of deduction u/s 80IC - nature of activity undertaken by assessee - manufacturing of electric bike or mere assembly of parts - the case of the assessee is that it requires only tools and not big plant to assemble parts -benefit of deduction allowed - AT

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