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Income Tax - Highlights / Catch Notes

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Deduction u/s 80P(2) against enhanced income due to disallowance ...

Case Laws     Income Tax

July 21, 2020

Deduction u/s 80P(2) against enhanced income due to disallowance of capital expenditure - since such disallowances were in course of assessee’s regular business activities, they will only enhance the business profit of the assessee. - Deduction allowed.

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