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Income Tax - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Disallowance of Privilege fee paid u/s 40(a)(ii) or (iib) - ...

Income Tax

March 15, 2016

Disallowance of Privilege fee paid u/s 40(a)(ii) or (iib) - sharing of revenue with the state - The privilege fee payable by the petitioner to the State Government would be taxable with effect from 1.4.2014 and not prior thereto - HC

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