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Income Tax - Highlights / Catch Notes

Home Highlights October 2017 Year 2017 This

The entire R&D activities was carried on by the assessee for the ...

Income Tax

October 9, 2017

The entire R&D activities was carried on by the assessee for the benefit of its parent company and not for itself - Therefore, one of the basic conditions of Section 35(1)(iv) is not fulfilled - Expenditure not allowed

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