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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Determination of Business Income – Set off of Depreciation/ ...

Income Tax

November 26, 2013

Determination of Business Income – Set off of Depreciation/ Losses - The Revenue was not correct in law in denying the set off of the unabsorbed depreciation allowance/loss of the assessee's eligible unit/s against its income from other sources in terms of ss. 32(2), 70 & 71 - AT

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