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Income Tax - Highlights / Catch Notes

Home Highlights November 2016 Year 2016 This

Tribunal has committed a grave error in holding that the ...


Tribunal Mistakenly Applies Section 32AB Deduction to Overall Business Profit Instead of Individual Units' Profit.

November 24, 2016

Case Laws     Income Tax     HC

Tribunal has committed a grave error in holding that the deduction u/s 32AB of the Act is allowable with reference to the profit of the business as a whole and not in respect of the profit of any particular unit. - HC

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