Addition on account of profit on pre-payment of deferred sales ...

Profit from Pre-Payment of Deferred Sales Tax Loan is a Capital Receipt, Not Taxable u/s 41(1) IT Act.

March 8, 2017

Case Laws Income Tax AT

Addition on account of profit on pre-payment of deferred sales tax loan liability - claimed by the assessee as capital receipt - It is capital receipt and is not taxable u/s. 41(1) - AT

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Addition on account of profit on pre-payment of deferred sales ...

Profit from Pre-Payment of Deferred Sales Tax Loan is a Capital Receipt, Not Taxable u/s 41(1) IT Act.

March 8, 2017

Case Laws Income Tax AT

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