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Income Tax - Highlights / Catch Notes

Home Highlights July 2020 Year 2020 This

Treatment to loss from the unit in Trump Hotel International ...

Case Laws     Income Tax

July 4, 2020

Treatment to loss from the unit in Trump Hotel International under ‘income from other sources' - Although the principle of res judicata does not strictly apply to Income tax proceedings, the revenue cannot disturb and alter issues which have already been settled in previous years if there is no change in the facts and circumstances.

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