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Income Tax - Highlights / Catch Notes

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Computing deduction u/s. 10B - eligibilty for deduction on the ...


Section 10B Deduction Confirmed for Export Businesses: Profits from Subsidy, Interest, Scrap Sales, and Tax Refunds Qualify.

February 8, 2016

Case Laws     Income Tax     AT

Computing deduction u/s. 10B - eligibilty for deduction on the profits from subsidy, interest income, sale of scrap, sales tax refund and sundry balances written off - Assessee was not having any other business other than exports - deduction u/s 10B allowed - AT

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