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Income Tax - Highlights / Catch Notes

Home Highlights April 2023 Year 2023 This

Claim of excessive manufacturing loss on converting old gold ...

Income Tax

April 27, 2023

Claim of excessive manufacturing loss on converting old gold into new gold - addition @ 15% applied for making the impugned addition - Looking at the nature of business are inclined to uphold that atleast that there is a manufacturing loss of 7.5% on such conversion. - AT

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