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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Nature of non refundable deposit received - the deposited ...


Court Rules Non-Refundable Deposits Belong to Members, Not Trading Receipts for Assessee in Cane Price Case.

October 3, 2015

Case Laws     Income Tax     AT

Nature of non refundable deposit received - the deposited amount still belonged to the members - The amounts deducted from the cane price towards the non-refundable deposits were not trading receipts of the assessee - AT

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