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Income Tax - Highlights / Catch Notes

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Deduction u/s 80IA - Merely because the license was obtained ...

Income Tax

April 15, 2015

Deduction u/s 80IA - Merely because the license was obtained for procuring the raw material for manufacturing finished products for its exports, does not mean that the sale of advance license has nexus with the business of manufacturing and sale of finished product. - HC

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