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Income Tax - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Since the Company had not commenced its business of development ...

Income Tax

January 4, 2017

Since the Company had not commenced its business of development of SEZ/Real Estate, the expenditure claimed could not have been treated as the expenditure incurred for the purpose of business - Since the expenditure was not allowable expenditure, it amounted to irregular allowances of loss. - HC

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