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Sale proceeds taxable as business income if assessee failed to prove that shares were kept as investments
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Corporate Tax
Sale proceeds taxable as business income if assessee failed to prove that shares were kept as investments
Posted on
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June 5, 2018
Tenet Tax Daily May 25 2018
By
tenettax-team
Corporate Tax
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Purchase of assets for in-house R&D facility was eligible for sec. 35 deduction: ITAT
HC justified levy of concealment penalty as assessee had claimed dep. on non-existing assets