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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Nature of Development Fund collected from students - When the ...


Assessing Officer Must Not Classify Student Development Fund for Capital Activities as Revenue Receipt.

January 20, 2014

Case Laws     Income Tax     AT

Nature of Development Fund collected from students - When the collection is meant for being spent on activities in the capital filed, the same cannot be treated by the Assessing Officer as revenue receipt - AT

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