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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

When the assessee has claimed the maintenance charges as bad ...


Court Identifies Double Jeopardy in Disallowing Bad Debt Claim and Treating Recovered Maintenance Charges as Income.

November 27, 2013

Case Laws     Income Tax     AT

When the assessee has claimed the maintenance charges as bad debt, the same is disallowed and when it is recovered, it is treated as income. It would be double jeopardy - AT

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