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Income Tax - Highlights / Catch Notes

Home Highlights April 2012 Year 2012 This

MAT - The mere fact that a Debenture Redemption Reserve is ...

Income Tax

April 11, 2012

MAT - The mere fact that a Debenture Redemption Reserve is labeled as a reserve will not render it as a reserve. Consequently, Tribunal was correct in holding that the Debenture Redemption Reserve is not a reserve within the meaning of Explanation (b) to Section 115JA - HC

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