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Income Tax - Highlights / Catch Notes

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Deduction u/s 80IC - higher rate of profit declared by the ...


Dehradun Unit's Higher Profit Rate Justified by Lower Costs and Incentives u/s 80IC.

April 9, 2019

Case Laws     Income Tax     AT

Deduction u/s 80IC - higher rate of profit declared by the assessee-company in its Dehradun Unit is justifiable as cost of production of the same Unit was lower due to various incentives and the availability of raw material at cheaper rates in the local market

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