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Income Tax - Highlights / Catch Notes

Home Highlights October 2019 Year 2019 This

Deduction u/s 80-IB(10) - When the book result discloses the ...

Case Laws     Income Tax

October 14, 2019

Deduction u/s 80-IB(10) - When the book result discloses the profit at 50%, the Revenue cannot doubt that the profit was exorbitant or improbable one - The profit generated by the assessee-firm is supported by the books of account maintained in the regular course of business activity.

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