COMMISSIONER OF INCOME-TAX versus LUCAS TVS LTD (AND VICE VERSA)
Business Expenses The Ceiling Expenses Director, who is also an employee and also a foreign technician who is not exempt under Section 10 (6) (vii a) is exempt under Section 40 (6) (vii a). To set the limits (c) 5A 40A (5) read with the Indian Income Tax Act, 1961, Sections 10, 40 (c) and 40. Hormones Construction Business Expenses Suratex deduction No Income Tax Act, 1961, Section 37 Indian Companies (Profit) Suratex Act, 1964 Under the Business Expenses section 35B, the export allowance of export markets is not a weight loss company, which is of great interest to the Indian Income Tax Act, In 1961, Section 35B is entitled to a deduction of only 1 1/3 times the expense.
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