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Income from leasing out business assets for a limited period to carry out production activity is business income

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  • Income from leasing out business assets for a limited period to carry out production activity is business income
Posted onon January 3, 2017

tenet-tax-daily-january-03-2017

By tenettax-team
Corporate Tax

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Special Audit can be directed on basis of multiplicity of transactions, volume of trade and complexity of accounts
HC allows deduction of Rs. 4 crore incurred by ‘Idea’ on an abandoned project

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