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Income Tax - Highlights / Catch Notes

Home Highlights July 2012 Year 2012 This

Though there was no manufacturing and sales activity, but there ...


Revenue Authorities Wrongly Disallow Expense Claims and Depreciation Despite Ongoing Business Activity Without Manufacturing or Sales.

July 12, 2012

Case Laws     Income Tax     AT

Though there was no manufacturing and sales activity, but there certainly was some “business activity” - the revenue authorities were incorrect in disallowing the claim of expenses and depreciation - AT

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