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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Exemption u/s 10AA - The new unit was not formed by transferring ...

Income Tax

January 12, 2019

Exemption u/s 10AA - The new unit was not formed by transferring any machinery or plant previously used. Fresh investment was made in the new unit. The revenue earning and profits generated were clearly attributable to the new unit - Benefit of exemption allowed.

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