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Income Tax - Highlights / Catch Notes

Home Highlights November 2017 Year 2017 This

Income recognition - the assessee was entrusted with the money ...


Assessee Manages Client Funds in Fiduciary Capacity, No Additional Income Recognized for Tax Purposes.

November 14, 2017

Case Laws     Income Tax     AT

Income recognition - the assessee was entrusted with the money for discharging of various legal obligations on behalf of its clients and held the money in fiduciary capacity and the money was recognised as client’s money in its accounts - No additions - AT

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