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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

The amounts which were paid by the assessee for the purpose of ...

Income Tax

February 24, 2015

The amounts which were paid by the assessee for the purpose of purchase of its shares, to its shareholder for subsequent cancellation was an expenditure incurred only to enable smooth running of the business - held as revenue expenditure - HC

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