Kerala HC allows 50% Income Tax Deduction on gross Total Income as quantified Deduction under Sec 80HHB [Read Order]
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The Kerala High Court allowed the 50% Deduction on gross total income as a quantified deduction under Section 80HHB of the Income Tax Act. The Assessing Officer and the Commissioner of Income Tax (Appeals) disallowed the claim of the assessee, M/s. Bhageeratha Engineering Ltd. of revaluation of government bonds and the loss in the sale […] http://dlvr.it/S5MNjZ
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