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Income Tax - Highlights / Catch Notes

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Deduction u/s 80IB - Additional income - disclosure of income ...


Section 80IB Deduction: Additional Income from Survey Considered Business Income, Eligible for Deduction Benefits Without Contrary Evidence.

May 12, 2020

Case Laws     Income Tax     AT

Deduction u/s 80IB - Additional income - disclosure of income made during the survey proceedings does not mean that the income is to be treated as income from other sources. - such income in the absence of contrary evidences is arising from the business activities of the assessee.

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