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Income Tax - Highlights / Catch Notes

Home Highlights July 2012 Year 2012 This

No business activity had been carried out during the relevant ...


Entity Denied Business Expense Deduction Due to Lack of Activity u/s 71(1) of Income Tax Act.

July 4, 2012

Case Laws     Income Tax     AT

No business activity had been carried out during the relevant previous year - not entitled to a set off of the administrative expenditure incurred as business expenses u/s 71(1) of the Act - AT

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