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Income Tax - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

The shed owned by the assessee was a business asset and in case ...


Taxpayer's Shed Deemed Business Asset, Section 23(1) Not Applicable, No Notional Rent Income Calculated.

December 5, 2013

Case Laws     Income Tax     AT

The shed owned by the assessee was a business asset and in case of business asset, provisions of Section 23(1) are not applicable - No notional income (rent) can be computed - AT

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