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Income Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

Claim of deduction u/s 80IB - by virtue of the processing done ...

Case Laws     Income Tax

March 31, 2018

Claim of deduction u/s 80IB - by virtue of the processing done on milk by the assessee, the milk gets pasteurized, thereby becoming free of bacteria, and thus, potable and consumable. Obviously, therefore, the quality and nature of the milk gets irreversibly altered by such processing - deduction allowed - AT

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