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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Accrual of liability - where claim of damages and interest ...

Income Tax

October 22, 2015

Accrual of liability - where claim of damages and interest thereon is disputed by the assessee in the court of law, deduction can't be allowed for the interest claimed on such damages in the computation of business income. - AT

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