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AO couldn’t assess any other income if initial reason to believe of escaped income was just a matter of fact
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Corporate Tax
AO couldn’t assess any other income if initial reason to believe of escaped income was just a matter of fact
Posted on
on
January 13, 2018
Tenet Tax Daily January 13 2018
By
tenettax-team
Corporate Tax
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Revaluation surplus paid to retiring partners isn’t distribution of capital asset; firm not liable to tax
Exp. incurred on director education not deductible without his commitment to serve co. post-education
