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Income Tax - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

Income from interest as other income or business income - proof ...

Case Laws     Income Tax

December 3, 2019

Income from interest as other income or business income - proof of setting up of business - assessee was the proposed strategic investor in the rehabilitation scheme of the Duncan industries Ltd. - It was a sick industry for the revival of which the BIFR approved the scheme proposed by the assessee. - Claim of the assessee allowed.

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