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Income Tax - Highlights / Catch Notes

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Deduction u/s 36(1)(viia) or u/s 36(1)(viii) - creation of ...

Income Tax

August 20, 2018

Deduction u/s 36(1)(viia) or u/s 36(1)(viii) - creation of special reserve fund - the assessee has tried to equate the apportionment of profit against an expenditure for provision for bad and doubtful debts which in our view is not possible.

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