Saturday 6 September 2014

Manufacturers of ‘air springs assembly and other metals parts’ are eligible to claim benefit of sec.

IT: Where assessee engaged in manufacturing of 'air springs assembly and other metal parts' claimed deduction under section 80-IC, in view of fact that imported material as well as local materials were used in manufacturing process which resulted in a final product quite distinct from components used and had distinct usage too, assessee's claim for deduction was to be allowed


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