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Forex fluctuation loss on advance received from Foreign Head Office was allowable as deduction: ITAT
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Corporate Tax
Forex fluctuation loss on advance received from Foreign Head Office was allowable as deduction: ITAT
Posted on
on
September 6, 2018
Tenet Tax Daily August 29 2018
By
tenettax-team
Corporate Tax
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Sale of land jointly held with co. not taxable as business profit just because Co. held land as stock-in-trade
CIT wasn’t required to give hearing opportunity to assessee before giving approval for assessment in search cases
