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A Co. mainly outsourcing its work couldn’t be compared to a Co. rendering IT enabled services

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Posted onon March 26, 2016

Tenet Tax Daily March 25 2016

By tenettax-team
Corporate Tax, International Tax

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Public issue exp. disallowed by HC as amount raised through such issue wasn’t spent for capital expansion
Sum paid on encroachment of extra space on leased land couldn’t be said to be an offence; allowable as business exp.

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