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Income Tax - Highlights / Catch Notes

Home Highlights January 2020 Year 2020 This

Disallowance of Amortized Premium - Though contended, no ...

Income Tax

January 18, 2020

Disallowance of Amortized Premium - Though contended, no contrary instructions of CBDT are brought to our notice. The instruction in question having been issued under section 119(2) of the Income-tax Act, 1961, would bind the Revenue.

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