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Income Tax - Highlights / Catch Notes

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Deduction u/s 80I - Zarda Yukta Pan Masala - Once tobacco is ...


Section 80I Tax Deduction Denied for Zarda Yukta Pan Masala Due to Tobacco Content Classification Change.

November 20, 2013

Case Laws     Income Tax     HC

Deduction u/s 80I - Zarda Yukta Pan Masala - Once tobacco is mixed, even in a small quantity, the Pan Masala becomes a tobacco preparation, which is a separate and distinct commercial commodity - HC

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