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Income Tax - Highlights / Catch Notes

Home Highlights November 2016 Year 2016 This

Treatment to grant and the interest earned thereon as income of ...

Case Laws     Income Tax

November 3, 2016

Treatment to grant and the interest earned thereon as income of the Appellant-society - When the assessee is held as a custodian and the full command for utilization of the money including interest earned thereon remains with the Government, same cannot be termed as income of the assessee - HC

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