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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Legitimate tax planning is not barred - the conduct of the ...

Case Laws     Income Tax

January 16, 2014

Legitimate tax planning is not barred - the conduct of the assessee clearly suggest that his only intention was to create artificial loss by converting investment in stock in trade and setting it off against the bad debts recovered - claim disallowed - AT

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