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Income Tax - Highlights / Catch Notes

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Deduction u/s. 80IB(10) – In absence of any sales – Assessee had ...


Taxpayer's Deductions u/s 80IB(10) Challenged Due to Inflated Profit Margin and No Sales Reported.

January 24, 2013

Case Laws     Income Tax     AT

Deduction u/s. 80IB(10) – In absence of any sales – Assessee had shown inflated profit, i.e., at 60%, as against the rate of 23% for another non-80IB - AO to redetermine the accrual of income - AT

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