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Income Tax - Highlights / Catch Notes

Home Highlights May 2013 Year 2013 This

True, genuine and bona fide transactions, even if made below ...


Transactions Below Market Value Have No Tax Impact if Done in Normal Business Interest.

May 23, 2013

Case Laws     Income Tax     AT

True, genuine and bona fide transactions, even if made below par, the fair market valuation would not have any tax implication, being only undertaken in the normal course of business and in its interest.l - AT

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