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Income Tax - Highlights / Catch Notes

Home Highlights August 2012 Year 2012 This

Whether the interest paid on sales tax under the amnesty scheme ...


Interest on Sales Tax Under Amnesty Scheme Allowed as Business Deduction; Not Considered Penal in Nature.

August 25, 2012

Case Laws     Income Tax     AT

Whether the interest paid on sales tax under the amnesty scheme is an allowable deduction as business expenditure – not panel in nature - deduction allowed - AT

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