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Income Tax - Highlights / Catch Notes

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Deduction U/S 80IA - Insurance money received - in the absence ...

Income Tax

November 21, 2012

Deduction U/S 80IA - Insurance money received - in the absence of any nexus shown between the compensation received and the business activities of the industrial undertaking, the compensation could not be held as derived from the undertaking for the purpose of inclusion under Section 80-IA - HC

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