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Income Tax - Highlights / Catch Notes

Home Highlights May 2014 Year 2014 This

Diversion of income by overriding title - interest earned on ...

Income Tax

May 28, 2014

Diversion of income by overriding title - interest earned on grants – The directives created an overriding title in favour of the State Government – thus, the interest cannot be assessed as the assessee's income - AT

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