"06 August 1969" Archive

Circular No. 26-Income Tax dated 6-8-1969

Circular No. 26-Income Tax 06/08/1969

Circular : No. 26-Income Tax There is an impression that the development rebate allowed in respect of an asset sold to the Government will not be withdrawn even if the vendor credits to the profit & loss account the reserve which he had originally created to qualify for the grant of the rebate. This is wrong as clarified below....

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