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Income Tax - Highlights / Catch Notes

Home Highlights June 2015 Year 2015 This

Disallowance of salary - there was no business activity - A ...


Court Rules Business Inactivity Doesn't Justify Salary Cuts for Staff; No Automatic Proportionate Reduction Required.

June 2, 2015

Case Laws     Income Tax     AT

Disallowance of salary - there was no business activity - A decrease, or even absence, of business activity does not necessarily lead to proportionate reduction in staff salaries - AT

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