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Income Tax - Highlights / Catch Notes

Home Highlights October 2017 Year 2017 This

The activity of drying and threshing of tobacco leaves amounts ...


Drying and threshing tobacco leaves is considered manufacturing, qualifying for extra depreciation under Income Tax Act Section 32(iia).

October 11, 2017

Case Laws     Income Tax     AT

The activity of drying and threshing of tobacco leaves amounts to manufacture, which is eligible for additional depreciation as per the provisions of section 32(iia) of the Act

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