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Income Tax - Highlights / Catch Notes

Home Highlights October 2020 Year 2020 This

Deduction u/s 10AA - once separate books of account have been ...

Case Laws     Income Tax

October 16, 2020

Deduction u/s 10AA - once separate books of account have been maintained for each of the undertakings, there is no basis for the AO to allege that any of the expenses of non-SEZ units pertained to revenue of eligible units. Once such expenses has also not been claimed, the same is of no consequences. - AT

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