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Income Tax - Highlights / Catch Notes

Home Highlights March 2013 Year 2013 This

Computation of income - under the head business income OR ...


Income Classification Depends on True Nature, Not Book Entries, for Business Income vs. Capital Gains Assessment.

March 12, 2013

Case Laws     Income Tax     HC

Computation of income - under the head business income OR capital gains - entries in the books or classification of a particular item in the annual accounts does not determine the character of income or asset - HC

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