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Capital introduced from gifted money held as unexplained as donors didn’t have capacity to make gift
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Corporate Tax
Capital introduced from gifted money held as unexplained as donors didn’t have capacity to make gift
Posted on
on
January 12, 2016
Tenet Tax Daily January 04 2016
By
tenettax-team
Corporate Tax
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Interest paid to NR on FCCB won’t accrue or arise in India if borrowed sum is utilized for overseas business
Settlement amount paid by firm on behalf of its partner couldn’t be treated as exp. in its hand
