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Income Tax - Highlights / Catch Notes

Home Highlights December 2015 Year 2015 This

Disallowance of unpaid sales Tax due in the previous years - ...

Income Tax

December 25, 2015

Disallowance of unpaid sales Tax due in the previous years - shown as a contingent liability. - there is no impact in the Profit & Loss account since the assessee had not claimed any deduction on that score. - AO could not have made any disallowance on this issue - AT

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