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Income Tax - Highlights / Catch Notes

Home Highlights December 2011 Year 2011 This

Bad debts u/s 36(1)(vii) - Amount should be advanced in ordinary ...

Case Laws     Income Tax

December 3, 2011

Bad debts u/s 36(1)(vii) - Amount should be advanced in ordinary course of business which by itself proves its revenue nature and no further conditions are required to be satisfied as per Section 36(2).... - HC

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