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AO couldn’t make additions due to deposit of money in Swiss Bank if assessee became NR decades ago
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Corporate Tax
AO couldn’t make additions due to deposit of money in Swiss Bank if assessee became NR decades ago
Posted on
on
September 6, 2018
Tenet Tax Daily August 27 2018
By
tenettax-team
Corporate Tax
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Interest paid on funds borrowed for installing power plant allowable irrespective of commencement of production
Sale of land jointly held with co. not taxable as business profit just because Co. held land as stock-in-trade