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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Whether in cases of negative income the appelant revenue is ...


Revenue Can Appeal in Negative Income Cases; May 15, 2008, Circular Doesn't Restrict Prior Appeals.

January 18, 2014

Case Laws     Income Tax     HC

Whether in cases of negative income the appelant revenue is debarred from filing appeal - Only because clarification came in the subsequent circular dated 15.5.2008, would not mean that previously the Board desired that such appeals should be filtered out - HC

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