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Income Tax - Highlights / Catch Notes

Home Highlights April 2016 Year 2016 This

Once the advance made by the assessee was subject matter of ...


Taxpayer Advance Write-Offs Cannot Be Taxed Again to Avoid Double Taxation, Ensuring Fair Tax Practices.

April 2, 2016

Case Laws     Income Tax     AT

Once the advance made by the assessee was subject matter of taxation at the time of provision, the same cannot be added to the total income when it was actually written off. - disallowing would amount to double taxation- AT

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