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Income Tax - Highlights / Catch Notes

Home Highlights April 2016 Year 2016 This

Transfer of fund for subsequent distribution to the members ...


High Court Rules Cooperative Society's Fund Transfers to Members Before Tax Payments Are Non-Deductible for Business Income.

April 22, 2016

Case Laws     Income Tax     HC

Transfer of fund for subsequent distribution to the members before payment of tax is not a 'deductible expenditure' in computation of business income of the Assessee-Co- operative Society - HC

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