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Settlement amount paid by firm on behalf of its partner couldn’t be treated as exp. in its hand
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Corporate Tax
Settlement amount paid by firm on behalf of its partner couldn’t be treated as exp. in its hand
Posted on
on
February 20, 2016
Tenet Tax Daily February 05 2016
By
tenettax-team
Corporate Tax
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A Co. can’t be excluded from list of comparables merely on ground of low turnover
No penalty on NR as he genuinely believed that foreign income wasn’t taxable in India when it was exempt abroad