Monday 28 October 2013

Claiming sec. 10B relief even after allowable period by artificially creating another unit invokes r

IT: Where sister concern could not make claim for deduction under section 10B after expiry of specified period, assessee-company was incorporated to which business and assets of sister concern were transferred and assessee claimed deduction under section 10B, said claim being wrong, would form 'reasons to believe' so as to initiate reassessment


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