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Income Tax - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

Deduction u/s 80IB - upon conversion of the proprietorship ...

Case Laws     Income Tax

August 7, 2014

Deduction u/s 80IB - upon conversion of the proprietorship concern to a partnership concern there was no transfer of plant and machinery to the partnership firm, inasmuch as there was a transfer of the industrial undertaking as a whole along with its assets and liabilities - deduction allowed - HC

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