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Income Tax - Highlights / Catch Notes

Home Highlights November 2023 Year 2023 This

Estimation of income - Taxability of entire receipt from ...

Case Laws     Income Tax

November 25, 2023

Estimation of income - Taxability of entire receipt from Facility Management Services (FMS) - Though the Revenue challenged this estimate very vehemently, contending that the assessee did not incur any expenditure to render this service, we cannot accept the same because no service earning revenues could be rendered without expenditure. - Estimation of income @15% sustained - AT

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