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Income Tax - Highlights / Catch Notes

Home Highlights July 2014 Year 2014 This

Business income or income from other sources – Invocation of ...


Section 68 Upheld: Credits Categorized as "Income from Other Sources" Instead of Business Income.

July 9, 2014

Case Laws     Income Tax     AT

Business income or income from other sources – Invocation of section 68 is confirmed in relation to the credit/s, assessing them under the residuary head of income, i.e., ‘income from other sources’ - AT

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