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Income Tax - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

Deduction u/s 80IC - claiming the exemption at the same rate of ...


100% Income Tax Exemption Denied Beyond Five Years for Manufacturing Expansion u/s 80IC.

August 22, 2018

Case Laws     Income Tax     SC

Deduction u/s 80IC - claiming the exemption at the same rate of 100% beyond the period of five years on the ground that the assessee has now carried out substantial expansion in its manufacturing unit cannot be allowed.

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