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Income Tax - Highlights / Catch Notes

Home Highlights September 2019 Year 2019 This

Disallowance 80IB / 80IC - Manufacturing or production activity ...

Income Tax

September 3, 2019

Disallowance 80IB / 80IC - Manufacturing or production activity or not - assessee admittedly drills / explores crude oil for the purpose of refining the same to various by-products - assessee’s crude oil exploration very much amounts to production going by the relevant facts.

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