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Income Tax - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

CIT is justified in holding the payment on net present value as ...


CIT Can Classify Net Present Value Payments for Afforestation by Mining Lessees as Revenue Expenditure.

August 5, 2014

Case Laws     Income Tax     AT

CIT is justified in holding the payment on net present value as afforestation charges in respect of the mining lessees already obtained has been decided and is treated as revenue expenditure - AT

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