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Income Tax - Highlights / Catch Notes

Home Highlights December 2020 Year 2020 This

Correct head of income - interest received from partners - ...

Income Tax

December 24, 2020

Correct head of income - interest received from partners - Department having accepted the treatment of the assessee in reducing interest from partners from work-in-progress in the immediately preceding assessment year and also in the immediately succeeding assessment year, we see no reason to reject the very same treatment given by the assessee for the interest received from the partners for the current Assessment Year - AT

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