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M/s FUSE MEDIA PRIVATE LIMITED Versus DY. COMMISSIONER OF INCOME TAX, CIRCLE-4

Reopening of assessment - nature of expenditure - capital expenditure OR revenue expenditure - interest free loan advanced by assessee company to a sister concern - Held that - Both the issues came up for consideration before the Assessing Officer at the time of original assessment. In the letter dated 27.7.2011, the assessee had given the breakup of the expenditure of sum of ₹ 1.74crores pointing out that the same was closing stock as on 31.3.2009. The assessee also gave breakup of such s....... + More

 

 

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M/s FUSE MEDIA PRIVATE LIMITED Versus DY. COMMISSIONER OF INCOME TAX, CIRCLE-4

 

 

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