Income in the shareholders a/c has to be computed under the ...

Royalty Payments Not Deductible as Life Insurance Business Expenses Under Income Tax Act Provisions for Shareholders' Accounts.

January 18, 2018

Case Laws Income Tax AT

Income in the shareholders a/c has to be computed under the normal provisions of the computation of income in Income Tax Act. Royalty paid by the assessee in our view cannot be regarded to be an expense relating to the life insurance business. - AT

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Income in the shareholders a/c has to be computed under the ...

Royalty Payments Not Deductible as Life Insurance Business Expenses Under Income Tax Act Provisions for Shareholders' Accounts.

January 18, 2018

Case Laws Income Tax AT

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