Word ‘exclusively’ used in Sec. 40(a)(iib) can’t be defeated if Govt. issued licence to more than one undertaking : SC

INCOME TAX : Section 40(a)(iib) does not cover any tax; State Govt. cannot defeat section 40(a)(iib) by issuing licence to more than one state govt. undertakingINCOME TAX : Section 40(a)(iib) does not cover any tax; State Govt. cannot defeat section 40(a)(iib) by issuing licence to more than one state govt. undertakingwww.taxmann.com Latest Case LawsRead More

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