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Income Tax - Highlights / Catch Notes

Home Highlights October 2013 Year 2013 This

Whether the purchases themselves were bogus - not the entire ...


Court Rules Only Profit Element of Bogus Purchases Subject to Taxation, Not Entire Purchase Amount.

October 24, 2013

Case Laws     Income Tax     HC

Whether the purchases themselves were bogus - not the entire amount covered under such purchase, but the profit element embedded therein would be subject to tax - HC

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