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Income Tax - Highlights / Catch Notes

Home Highlights October 2016 Year 2016 This

Addition of principal amount of loan waived by the lender on ...

Case Laws     Income Tax

October 15, 2016

Addition of principal amount of loan waived by the lender on account of one time settlement of loan - AO was not correct in taxing the aforesaid waiver of loan by treating the same as revenue receipt - AT

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