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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Entitlement for deduction u/s 80IB - hedging profit derived from ...

Income Tax

December 25, 2018

Entitlement for deduction u/s 80IB - hedging profit derived from industrial activity - whether hedging activity of Mentha Oil has a direct nexus with the manufacturing activity? - No difference in the situation merely because such gain or loss were pursuant to hedging contract of the assessee - Deduction allowed.

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