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Income Tax - Highlights / Catch Notes

Home Highlights December 2011 Year 2011 This

Collection of contingency deposit against payment of sales tax - ...

Income Tax

December 26, 2011

Collection of contingency deposit against payment of sales tax - the receipt of the amount for payment of sales tax and keeping it in deposit would amount to a 'revenue receipt' and it would form part of the assessee's income.... - HC

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