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Income Tax - Highlights / Catch Notes

Home Highlights June 2014 Year 2014 This

Nature of expenses – builders generally offer some amount as ...


Compensation for Property Delivery Delays Seen as Deductible, Not Penal, Affecting Tax Treatment for Builders.

June 10, 2014

Case Laws     Income Tax     AT

Nature of expenses – builders generally offer some amount as compensation against delay in handing over the properties - the nature of payment as compensatory and not penal - AT

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