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Income Tax - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

Accrual of income - efficiency gain - excess receipt towards ...


Efficiency Gain from Electricity Charges Must Be Reduced in Profit and Loss Account Per Income Tax Regulations.

November 3, 2018

Case Laws     Income Tax     AT

Accrual of income - efficiency gain - excess receipt towards electricity charges / tariff - the assessee is not free to use this efficiency gain amount the way it likes - they have rightly reduced the efficiency gain amount in their profit and loss account.

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