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Income Tax - Highlights / Catch Notes

Home Highlights December 2011 Year 2011 This

Accrual of Interest on loans - Real income or not - Accrual of ...

Income Tax

December 26, 2011

Accrual of Interest on loans - Real income or not - Accrual of income u/s 5 - there was no choice for the assessing authority but to add back this amount as part of the income, though the assessee might have claimed this as not a real income or on any other basis. .... - HC

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