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Income Tax - Highlights / Catch Notes

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Diversion of income - Joint venture - If each member of the JV ...


Joint Venture Income: Individual Member's Share Prevents Double Taxation on Contract Receipts Under JV Consortium Rules.

October 21, 2012

Case Laws     Income Tax     AT

Diversion of income - Joint venture - If each member of the JV offered the income derived from respective share of contract works in their hands it is not possible to tax the same contract receipt in the hands of the consortium of JV. - AT

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