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Income Tax - Highlights / Catch Notes

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Deduction u/s 80IB - Lease rent received by the assessee by ...

Income Tax

March 13, 2019

Deduction u/s 80IB - Lease rent received by the assessee by letting out the industrial undertaking is not having any direct connection with the manufacture or production of an article or thing by the assessee and the same cannot be considered as business income eligible for deduction u/s. 80IB

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