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Payments for launching and tracking of satellite aren’t FTS as no technology is made available to assessee

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  • Payments for launching and tracking of satellite aren’t FTS as no technology is made available to assessee
Posted onon July 24, 2013

Tenet Tax Daily July 23 2013

By tenettax-team
Corporate Tax, International Tax

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Payment of consultancy fees to carry on business more efficiently and profitably is a revenue expenditure
Mere submitting an incorrect claim without malafide intention doesn’t attract concealment penalty

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