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Income Tax - Highlights / Catch Notes

Home Highlights August 2017 Year 2017 This

Grant of depreciation to an entity seeking exemption u/s 11 - ...

Income Tax

August 24, 2017

Grant of depreciation to an entity seeking exemption u/s 11 - Explanatory Memorandum makes it applicable only w.e.f. A Y 2015-16 and application of the amendment retrospectively would certainly lead to a great deal of hardship to the assessee. - HC

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