Benefit of Deduction can’t be given to an Industry If has No Control over Manufacturing Process: Bombay HC [Read Judgment]

A division bench of the Bombay High Court has held that the benefit of deduction under section 80-IB of the Income Tax Act, 1961 cannot be given to an industry if it does not have any direct control over the manufacturing at the factory premises. The appellants are engaged in manufacturing of electronic computers at […]

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