Refractories inclusion in Income tax Act schedule expands the list of specified materials subject to the provision. The Finance Act, 1961 inserts item (21) "Refractories" into clause (i) of subsection (1) of section 56A of the Income tax Act, thereby adding refractories ... Summary
Refractories inclusion in Income tax Act schedule expands the list of specified materials subject to the provision.
The Finance Act, 1961 inserts item (21) "Refractories" into clause (i) of subsection (1) of section 56A of the Income tax Act, thereby adding refractories to the enumerated list of items covered by that subsection.
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