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Income Tax - Highlights / Catch Notes

Home Highlights June 2014 Year 2014 This

Personal guarantee furnished to bank for facilitating loan - ...


Tribunal Error: Commission Payments to Directors Wrongly Excluded u/s 36(1)(ii) of Income Tax Act.

June 3, 2014

Case Laws     Income Tax     HC

Personal guarantee furnished to bank for facilitating loan - Tribunal erred in holding that the payments of commission to the Directors fell within the exclusionary limb of Section of 36(1)(ii) - HC

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