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Income Tax - Highlights / Catch Notes

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Deduction u/s 10B - Probably the Legislature did not want ...

Income Tax

June 26, 2019

Deduction u/s 10B - Probably the Legislature did not want duplicity in exemption on export profit. - inter-unit sales in the Export Processing Zone are not treated as export within the meaning of section 10A, no matter such transfers are treated as exports for the purpose of Customs and Excise duty exemption.

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