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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

MAT - Addition on account of receipt of sale proceeds of ...

Case Laws     Income Tax

December 29, 2018

MAT - Addition on account of receipt of sale proceeds of production from trial run of the plant at Phase-II of the power project - whether the said receipt was revenue in nature and the same should have brought into the profit and loss account instead of taking it to the capital work in progress? - AO has on his own fancies and assumption - No additions.

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