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Income Tax - Highlights / Catch Notes

Home Highlights July 2013 Year 2013 This

Set Off u/s 37 - date of Commencement of business - a business ...


Business Begins with First Stock Purchase, Not First Sale, per Income Tax Act Section 37.

July 15, 2013

Case Laws     Income Tax     HC

Set Off u/s 37 - date of Commencement of business - a business will commence with the first purchase of stock-in-trade and the date on which the first sale is made is immaterial - HC

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