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Income Tax - Highlights / Catch Notes

Home Highlights April 2012 Year 2012 This

Taxability of project - relevant assessment year - held that:- ...


Tax Rule: No Claiming Project Expenses in Future Years if Income Already Taxed in Current Year.

April 9, 2012

Case Laws     Income Tax     AT

Taxability of project - relevant assessment year - held that:- Once the income from the project is taxed, the Assessee will have no occasion to claim expenses relating to that project in a later assessment year. - AT

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