Saturday, March 7, 2020

Expenses excluded from export turnover should not form part of total turnover while computing sec. 10A deduction

INCOME TAX : While computing amount of deduction u/s 10A, expenditures excluded from export turnover were also to be excluded from total turnover

from www.taxmann.com Latest Case Laws https://ift.tt/3cAVRwV
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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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