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Veejay Marketing Versus Commissioner of Income-Tax

2016 (5) TMI 207 - SUPREME COURT OF INDIA

Determination of "profits of business" in terms of Explanation (baa) to Section 80HHC - 90% of the net commission or gross commission receipts to be deducted while such determination – Held that:- These cases are covered by the decision of this court .....

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luded in the profits of the business of the assessee as computed under the heads ‘PGBP’ is to be deducted under clause (1) of Explanation (baa) to Section 80HHC for determining the profits of the business. Decided in favour of the assessee. - Civil A .....

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