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Income Tax - Highlights / Catch Notes

Home Highlights April 2017 Year 2017 This

There is no merit in the action of AO for bringing tax net ...

Case Laws     Income Tax

April 21, 2017

There is no merit in the action of AO for bringing tax net advance amount received in respect of flat for which no permission was there for construction. Moreover, assessee itself has offered the said amount in the subsequent year when the plan was approved; there is no reason to tax the very same income double - AT

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