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Income Tax - Highlights / Catch Notes

Home Highlights April 2016 Year 2016 This

Interest income received by the assessee on late realization of ...

Income Tax

April 27, 2016

Interest income received by the assessee on late realization of its sale proceeds will be assessed as business income which will qualify for deduction under section 80IA, because, it is to be construed as income derived from industrial undertaking - AT

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