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Advertising agency isn’t taxable on its advertisement receipts till it appears before public; ITAT relies on AS-9
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Corporate Tax
Advertising agency isn’t taxable on its advertisement receipts till it appears before public; ITAT relies on AS-9
Posted on
on
March 22, 2014
Tenet Tax Daily March 20 2014
By
tenettax-team
Corporate Tax
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Reference to DVO can be made only after rejection of books and recording of reasons
Mere transfer of an amount from subsidy account to partner’s capital account wouldn’t make it liable to tax
