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Income Tax - Highlights / Catch Notes

Home Highlights May 2015 Year 2015 This

Addition on account of interest @ 2% on advances - Section 144 ...

Income Tax

May 7, 2015

Addition on account of interest @ 2% on advances - Section 144 does not at all apply to the present proceedings because the present proceedings originate from an assessment under Section 143(3) of the said Act. The addition on account of a notional income on advances is deleted - HC

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