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No disallowance of loss if it was allowed after considering assessee’s explanation during original assessment
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Corporate Tax
No disallowance of loss if it was allowed after considering assessee’s explanation during original assessment
Posted on
on
August 20, 2018
Tenet Tax Daily August 14 2018
By
tenettax-team
Corporate Tax
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Interest paid on loan taken for purchase of land used as stock-in-trade to be allowed as revenue exp.
No perquisites if contribution to society for meeting education of employee’s children never crossed Rs. 1,000 pm
