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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

The amounts which were paid by the assessee for the purpose of ...


Share Purchase and Cancellation Costs Deemed Revenue Expenditure for Business Operations.

February 24, 2015

Case Laws     Income Tax     HC

The amounts which were paid by the assessee for the purpose of purchase of its shares, to its shareholder for subsequent cancellation was an expenditure incurred only to enable smooth running of the business - held as revenue expenditure - HC

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