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Income Tax - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Loss from mutilated currency notes claimed as business ...


Business Allowed 20% Deduction for Loss Due to Mutilated Currency Notes in Taxable Income Calculation.

September 7, 2018

Case Laws     Income Tax     AT

Loss from mutilated currency notes claimed as business loss/business expenditure in computation of taxable total income - AO to allow the loss to the extent of 20%

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