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COMMISSIONER OF INCOME-TAX versus SOUTH INDIA VISCOSE LTD. (N0.2)


Guarantee of execution by the bank is an essential part of the guaranteed commission business paid by the bank to ensure the payment of installments by the bank on the basis of payment received for the purchase of machinery by capital or revenue expenditure. Asset does not produce Income Tax Act, 1961, Section 37 Development Rebate machinery is imposed in the unit, Higher Income Tax exemption is included in the Indian Income Tax Act, 1961, Section 33 extortion for purchase of depreciation machinery. The actual value charged is the interest paid on the exchange rate The cost estimates srmayy Indian Income Tax Act, which is entitled to the depreciation of the exchange volatility Qom, 1961, section 32

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