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Income Tax - Highlights / Catch Notes

Home Highlights February 2012 Year 2012 This

MAT - Profit and gains of any business of insurance - there is ...


Insurance Profits from Investment Sales Included in MAT Book Profits Calculation; No Exclusions for Tax Purposes.

February 24, 2012

Case Laws     Income Tax     AT

MAT - Profit and gains of any business of insurance - there is no provision for excluding from the book profits any profit accruing on account of sale of investments. - AT

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