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Income Tax - Highlights / Catch Notes

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Deduction u/s 80IC - proof of manufacturing activity - ...


Section 80IC: Assembling Watch Parts Qualifies as Manufacturing for Income Tax Deduction Eligibility.

October 24, 2018

Case Laws     Income Tax     AT

Deduction u/s 80IC - proof of manufacturing activity - assembling of various parts in a specified manner and the net results into watches which are used by the public at large for different purposes and is commercially known differently, therefore, it amounts to manufacturing.

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