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Income Tax - Highlights / Catch Notes

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Denial of claim of deduction u/s. 80P - Letting out of surplus ...

Income Tax

February 5, 2016

Denial of claim of deduction u/s. 80P - Letting out of surplus space in the building owned and used by the assessee is not such an activity falling under clause (c). The rent thus received by the assessee is not eligible for the exemption provided thereunder. - AT

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