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Income Tax - Highlights / Catch Notes

Home Highlights September 2016 Year 2016 This

The delay penalty (price reduction) will be deductable while ...


Delay Penalty Deductible from Profits Based on Actual Invoices, Adjusted for Price Reduction Annually.

September 11, 2016

Case Laws     Income Tax     AAR

The delay penalty (price reduction) will be deductable while computing profits on the basis of actual invoices raised, amount earned on these invoices and difference attributable to price reduction on year to year basis. - AAR

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