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Income Tax - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

Income in this line of business has to be estimated at 5% of ...


Assessee's Claim for Extra Deductions on Partner Remuneration and Interest Denied; Income Set at 5% of Sales.

December 7, 2013

Case Laws     Income Tax     AT

Income in this line of business has to be estimated at 5% of sales made by the assessees – The claim of the assessee for further deduction towards remuneration and interest to partners cannot be accepted - AT

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