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Additions affirmed for loans given to parties with dubious identity and credit worthiness
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Corporate Tax
Additions affirmed for loans given to parties with dubious identity and credit worthiness
Posted on
on
December 23, 2014
Tenet Tax Daily December 23 2014
By
tenettax-team
Corporate Tax
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ITAT directs TPO to make TP adjustment by excluding comparables with related party transaction exceeding 25%
Rental income from property equipped with specialized machinery is house property income and not business income
