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Income Tax - Highlights / Catch Notes

Home Highlights January 2018 Year 2018 This

Eligible for deduction u/s. 10A - These amounts are incomes u/s. ...

Case Laws     Income Tax

January 27, 2018

Eligible for deduction u/s. 10A - These amounts are incomes u/s. 41(1), if they are allowed as deduction in earlier year. Since the amounts are directly connected to the business, the excess provision reversed is certainly having a nexus with the business. - AT

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