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Income Tax - Highlights / Catch Notes

Home Highlights July 2012 Year 2012 This

Deduction u/s 10A - receipt of foreign exchange after expiry of ...


High Court clarifies Section 10A foreign exchange deduction rules; no set timeframe for extension applications or authority orders.

July 4, 2012

Case Laws     Income Tax     HC

Deduction u/s 10A - receipt of foreign exchange after expiry of time stipulated u/s 10A(3)- statute does not prescribe any time-limit within which the application is to be made for such an extension of time and the period within which the competent authority has to pass an order - HC

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