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Income Tax - Highlights / Catch Notes

Home Highlights August 2012 Year 2012 This

Denial of claim of deduction u/s 80IB - the “industrial ...


Deduction Denied: Section 80IB Requires Independent Formation of Industrial Undertaking, Not Reconstructed or Split Business.

August 2, 2012

Case Laws     Income Tax     AT

Denial of claim of deduction u/s 80IB - the “industrial undertaking” should not be formed by “splitting up” or “re-construction” of a business already in existence - AT

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