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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Mere reconstitution of the partnership firm can hardly be said ...


Partnership Firm Reconstitution Not Considered Splitting; Section 10B Tax Exemption Allowed for Businesses.

September 21, 2012

Case Laws     Income Tax     HC

Mere reconstitution of the partnership firm can hardly be said to amount to the splitting up, or the reconstruction, of the partnership business which was already in existence. - Exemption u/s 10B allowed - HC

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