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Income Tax - Highlights / Catch Notes

Home Highlights June 2017 Year 2017 This

The assessee should not suffer for inaction of the revenue ...

Income Tax

June 21, 2017

The assessee should not suffer for inaction of the revenue authorities. As now the Commissioner of Income Tax has approved the fund, the contribution made by the assessee towards group gratuity fund is allowable u/s. 36(1)(v) of the Act.

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  10. Invocation of Extended period of limitation - mere inaction or failure on the part a manufacturer/ service provider is not sufficient to invoke the larger limitation of five years.

 

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