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Section 10B Deduction Doesn't Require Mandatory Declaration; Positive Income Needed for Claim.

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....Eligibility of deduction U/s 10B - furnishing of the declaration in terms of Section 10B(8) of the Act is merely a formality and declaratory in nature and is not mandatory. If the assessee is having positive income then only there is occasion to claim the deduction. - AT....

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Section 10B Deduction Doesn't Require Mandatory Declaration; Positive Income Needed for Claim.