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Income Tax - Highlights / Catch Notes

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Computation of deduction u/s 10A - uniformity in the ingredients ...

Income Tax

April 12, 2016

Computation of deduction u/s 10A - uniformity in the ingredients of both the numerator and the denominator of the formula - AT

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  3. Inculsion and Exclusions in Numerator and Denominator while calculating Exemptions under 10A - Thus decision of Tribunal in directing assessing officer to exclude...

  4. The deduction under section 10A in respect of the allowable unit under section 10A has to be allowed before setting off brought forwarded losses of a non-section 10A unit - AT

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  8. Deduction u/s 10A - Condonation of Delay in filing Return u/s 139(1) - Provisions of the proviso to Section 10A(1A) is mandatory and not merely directory - AT

  9. Deduction u/s 10A/10B - sections 10A/10B having no definition of the expression "profits of the business" - AT

  10. Refund of accumulated credit - ascertainment of eligible refund under Rule 5 - In both the numerator and denominator, the amount of export turnover have to be considered...

 

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