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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Any expenditure incurred by a sugar factory on cane development ...

Case Laws     Income Tax

December 4, 2018

Any expenditure incurred by a sugar factory on cane development programmes would be eligible for deduction in computing the taxable profits u/s 37(1) - The withdrawal of the tax concession under s. 35C would not affect this position.

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