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    <title>2009 (9) TMI 1020 - BOMBAY HIGH COURT</title>
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    <description>The Bombay High Court admitted substantial questions of law on whether insurance claim, cash discount and scrap sale form part of business profits for deduction under section 80HHC despite Explanation (baa), whether insurance claim, exchange gain, other interest and scrap sale are includible in profits of an industrial undertaking for section 80IB, and whether section 80HHC deduction can be allowed without first excluding section 80IB deduction. Leave to amend was granted within two weeks.</description>
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    <pubDate>Wed, 16 Sep 2009 00:00:00 +0530</pubDate>
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      <title>2009 (9) TMI 1020 - BOMBAY HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=193444</link>
      <description>The Bombay High Court admitted substantial questions of law on whether insurance claim, cash discount and scrap sale form part of business profits for deduction under section 80HHC despite Explanation (baa), whether insurance claim, exchange gain, other interest and scrap sale are includible in profits of an industrial undertaking for section 80IB, and whether section 80HHC deduction can be allowed without first excluding section 80IB deduction. Leave to amend was granted within two weeks.</description>
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      <pubDate>Wed, 16 Sep 2009 00:00:00 +0530</pubDate>
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