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Interest on FD was includible in operating profit as FD was made from advances received from buyers
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Corporate Tax
Interest on FD was includible in operating profit as FD was made from advances received from buyers
Posted on
on
July 19, 2016
Tenet Tax Daily July 18 2016
By
tenettax-team
Corporate Tax
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No reassessment after expiry of limitation period merely on basis of opinion expressed by higher forum
Exp. claimed after survey was disallowed as it was made to offset additional income offered in survey
