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Income Tax - Highlights / Catch Notes

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Determination of Income u/s 44 from Insurance Business - ...

Income Tax

October 29, 2013

Determination of Income u/s 44 from Insurance Business - Disallowance u/s 14A – the provisions of s. 14A need not to apply while granting exempt ion to an income earned on sale of investment primarily because of the reason of the withdrawal or deletion of sub-r. 5(b) to First Schedule of s. 44 of IT Act - AT

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