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Income Tax - Highlights / Catch Notes

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Deduction u/s 80IB for extracting of oil. – commercial ...

Income Tax

September 25, 2013

Deduction u/s 80IB for extracting of oil. – commercial production of mineral oil as per. sec. 8OIB(9) Involves the activity of extracting Oil from underneath of surface and transport it for sale and nothing else - deduction allowed - AT

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