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Income Tax - Highlights / Catch Notes

Home Highlights December 2016 Year 2016 This

Addition on foreign exchange gain - restatement of liability - ...


Foreign Exchange Gains on Liability Restatement Should Not Be Added as Contingent Gains in Tax Assessments.

December 19, 2016

Case Laws     Income Tax     AT

Addition on foreign exchange gain - restatement of liability - contingent gain - it would only result in Revenue trying to blow hot and cold simultaneously. - no additions - AT

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