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Income Tax - Highlights / Catch Notes

Home Highlights March 2013 Year 2013 This

Appeal by revenue - low tax effect - even loss claimed by ...


High Court highlights importance of revenue appeals on loss claims, even with minimal tax impact. Tribunal's dismissal considered erroneous.

March 1, 2013

Case Laws     Income Tax     HC

Appeal by revenue - low tax effect - even loss claimed by assessee for a particular year assumes considerable significance in variety of situations - Tribunal committed an error in dismissing the Revenue's appeals- HC

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