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Penal charges on EMI default is taxable on receipt basis
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Corporate Tax
Penal charges on EMI default is taxable on receipt basis
Posted on
on
December 9, 2015
Tenet Tax Daily December 01 2015
By
tenettax-team
Corporate Tax
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Failure to issue notice in time can’t be cured by resorting to deeming fiction of sec. 292BB; reassessment held void
Payment made for taking legal advice for purchase of business division is a capital exp.
