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Income Tax - Highlights / Catch Notes

Home Highlights November 2011 Year 2011 This

Working capital loan in form of cash credit - waiver of loan - ...

Case Laws     Income Tax

November 30, 2011

Working capital loan in form of cash credit - waiver of loan - deemed income u/s 41(1) - held that:- even if we hold that Section 28(iv) of the Act is not applicable, Section 41(1) of the Act is clearly applicable.... - HC

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