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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Remission of Loan Liability - sales tax payable by appellant was ...


Appellant's Sales Tax Converted to Non-Taxable Loan, Recognized as Capital Receipt.

November 25, 2013

Case Laws     Income Tax     AT

Remission of Loan Liability - sales tax payable by appellant was converted into loan - the same has been held to be a capital receipt - not taxable - AT

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