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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Deduction u/s 80IA - as no reason has been imparted as to why ...


Section 80IA Deduction Denied: Lack of Separate Accounts for Raw Material Sales & Yarn Manufacturing Income Justification.

September 11, 2012

Case Laws     Income Tax     SC

Deduction u/s 80IA - as no reason has been imparted as to why separate accounts were not maintained for the raw material sold and for the income derived from manufacture of yarn, deduction not allowed - SC

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