corporate and professional update on direct taxes
CORPORATE AND PROFESSIONAL UPDATE ON DIRECT TAXES The resultant profits and gains derived from or derived by an industrial undertaking because of the insurance subsidy have to be treated as deductible in terms of the provision of Section 80IB or 80IC- (Deputy Commissioner of Income-Tax Versus Meghalaya Sova Ispat Alloys Pvt Ltd And Vica-Versa – …