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Income Tax - Highlights / Catch Notes

Home Highlights May 2014 Year 2014 This

Entertainment tax capitalized - Addition as subsidy - Merely ...

Income Tax

May 10, 2014

Entertainment tax capitalized - Addition as subsidy - Merely because the amount was not directly meant for repaying the amount taken for construction of the cinema hall, its purpose could not be considered to be other than that of promoting construction of new cinema hall - additions deleted - HC

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