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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Expenses as NPV of compensation paid to the Forest Department ...

Case Laws     Income Tax

January 29, 2014

Expenses as NPV of compensation paid to the Forest Department for utilization of forest land for non-forest purpose - Though NPV payment is a one-time payment, the same was not made to acquire any asset - allowed as revenue expenditure - AT

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