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Income Tax - Highlights / Catch Notes

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Deduction u/s 10(23C)(iv) and 11 - Property purchased in name of ...


Court Rules No Violation of Tax Provisions in Property Purchase u/ss 10(23C)(iv) and 11 of Income Tax Act.

July 30, 2013

Case Laws     Income Tax     HC

Deduction u/s 10(23C)(iv) and 11 - Property purchased in name of individual - It is not a case of diversion of funds for purchasing the property for the benefit of the director. - HC

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