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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

Revision u/s 263 - advance amount of sale of room nights - A ...

Income Tax

February 11, 2015

Revision u/s 263 - advance amount of sale of room nights - A capital receipt does not become the revenue receipt just because some expenditure is incurred on the same, and it is claimed by the assessee. - HC

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