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Income Tax - Highlights / Catch Notes

Home Highlights April 2013 Year 2013 This

Interest on FDRs - The deposit of money in present case was ...


Interest from Fixed Deposits Classified as Business Profit for Tax Purposes Due to Connection with Business Activity.

April 12, 2013

Case Laws     Income Tax     AT

Interest on FDRs - The deposit of money in present case was directly linked with the business activity of the company. The same is intricately connected with the business activity of the company - held as part of business profit - AT

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