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ACIT, -6 Kanpur Versus M/s MKU Pvt Ltd And Vica-Versa

Entitlement for benefit of section 10B - Held that - Identical issue was examined by the Hon ble High Court in earlier assessment year, in which it has been categorically held that the assessee is a manufacturer and is entitled for benefit of section 10B of the Income-tax Act, 1961 - Decided in favour of assessee. Disallowance of interest incurred on investment in shares of foreign companies - CIT(A) deleted the addition - Held that - CIT(A) has deleted the disallowance made under section 14A of....... + More

 

 

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