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Income Tax - Highlights / Catch Notes

Home Highlights April 2015 Year 2015 This

The amount transferred to the reserve fund account as per ...

Income Tax

April 20, 2015

The amount transferred to the reserve fund account as per provisions of Section 67 of the Gujarat Cooperative Societies Act, 1961 was not diversion of income at source by overriding title nor can such transfer be treated as a business expenditure - HC

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