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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

Addition on account of deferred tax liability - The deferred tax ...

Income Tax

November 24, 2015

Addition on account of deferred tax liability - The deferred tax liability was never an item of expenditure in the profit and loss account. Therefore, there is no question of excess liability. - the adjustment in question in the balance sheet item cannot have any impact on the income of the assessee is also a sound basis for deleting the addition made by the AO - AT

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