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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Deduction u/s 10B - deduction after merger of the eligible firm ...


Merger Allows Firm to Claim Section 10B Income Tax Deduction Post-April 2004; Limitations Removed for Eligibility.

August 3, 2019

Case Laws     Income Tax     HC

Deduction u/s 10B - deduction after merger of the eligible firm in the assessee firm - limitations specified in sub-sections 9 and 9A of Section 10B do not exist from 1.4.2004 and therefore, assessee is eligible for deduction after the merger of firms

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