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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

Re-opening of assessment - interest expenses corresponding to ...

Income Tax

November 1, 2015

Re-opening of assessment - interest expenses corresponding to the interest chargeable on the amount so diverted to the partners of the assessee firm for non business purposes has escaped assessment in the hands of the assessee firm within the meaning of Section 147 - HC

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