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Income Tax - Highlights / Catch Notes

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Accrual of interest on advance made by the assessee to the ...

Income Tax

June 29, 2016

Accrual of interest on advance made by the assessee to the Haryana State Electricity Board - as the assessee was following cash system of accounting, no income on this account had been received in the year in question and therefore, it was not liable to be assessed - HC

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