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Income Tax - Highlights / Catch Notes

Home Highlights April 2017 Year 2017 This

The interest income earned by the assessee from mobilization ...

Case Laws     Income Tax

April 12, 2017

The interest income earned by the assessee from mobilization advance to contractor Railway Vikash Nigam Ltd., is rightly treated by the assessee as capital receipt which goes on to reduce the cost of capital work in progress. - AT

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