Deduction u/s. 35D - Addition on the assumption that the shares ...
Income Tax
August 6, 2020
Deduction u/s. 35D - Addition on the assumption that the shares may have been allotted only to selected Qualified Institutional Buyers ("QIBs") - QIBs, not being promoters, promoter group, subsidiaries and associates of the company would qualify as "public". - a section of public qualifies as public - Deductions allowed - AT
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