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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Payment for getting the mining rights on the land on which ...

Income Tax

August 19, 2015

Payment for getting the mining rights on the land on which forest was there - Expenditure paid by the assessee as NPV to enable the assessee to carry on its mining business is revenue in nature, which is allowable as business expenditure under section 37(1) - AT

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