The Bombay HC observed that the income tax deduction on excise duty does not amount to double deduction
The Bombay High Court in a recent decision observed that the income tax deduction on excise duty does not amount to double deduction. The Income Tax Appellate Tribunal ( ITAT ) in its impugned order dated 19th August 2002, on the issue at hand, came to a factual finding that the Assessing Officer ( “AO”…
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