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Income Tax - Highlights / Catch Notes

Home Highlights May 2020 Year 2020 This

Deduction u/s 10B / 10A - transactions through third parties and ...

Income Tax

May 11, 2020

Deduction u/s 10B / 10A - transactions through third parties and inter-unit transfers - Duplication of claim of exemption - it is pertinent to mention here that the question of duplications in the fact situation of the case does not arise as each person can claim only on the value addition by him and the presumption that there can be duplication is contrary to the principle of computation of the income under the Act.

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