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Concealment penalty imposed for claiming interest paid under Income-tax Act as business expenditure
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Corporate Tax
Concealment penalty imposed for claiming interest paid under Income-tax Act as business expenditure
Posted on
on
October 17, 2014
Tenet Tax Daily October 17 2014
By
tenettax-team
Corporate Tax
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No penalty for setting off unabsorbed depreciation and losses against capital gains on wrong advice on counsel
Market research exp. incurred by trader was in nature of revenue exp., says ITAT
