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Income Tax - Highlights / Catch Notes

Home Highlights February 2014 Year 2014 This

Claim of demurrage charges - As the assessee has taken a ...


Demurrage and cancellation charges deemed allowable business expenses for tax purposes due to business-related decision.

February 14, 2014

Case Laws     Income Tax     AT

Claim of demurrage charges - As the assessee has taken a business decision the demurrage charges and cancellation charges are allowable as business expenditure - AT

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