Taxation · Tax Planning, Avoidance and Evasion
Apex Ltd. installed a machinery costing Rs. 100,00,000 in a factory for research and development and claimed 100% deduction under Section 35 of the Income Tax Act, 1961. However, it intentionally used that machinery entirely for regular commercial production from day one. This act constitutes:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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Tax Evasion
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