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Income Tax - Highlights / Catch Notes

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Deduction u/s 10B – Domestic sale of scrap - it has to be ...


Scrap Sales Included in Total Turnover for Section 10B Deduction; Cannot Be Deducted from Business Profits.

October 18, 2012

Case Laws     Income Tax     AT

Deduction u/s 10B – Domestic sale of scrap - it has to be included in the total turnover of the assessee and cannot be reduced from the business profits of the assessee while computing the deduction u/s 10B. - AT

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