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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

Accrual of income - brokerage on new issue of shares (IPO) - ...

Case Laws     Income Tax

February 7, 2015

Accrual of income - brokerage on new issue of shares (IPO) - double taxation - all the income earned at the first stage has to be treated as income of the assessee company. The doctrine of overriding title cannot be applied to the case of the assessee company. - AT

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