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Additions on basis of info extracted from loose paper found in search proceedings of third party set aside

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  • Additions on basis of info extracted from loose paper found in search proceedings of third party set aside
Posted onon September 1, 2014

Tenet Tax Daily August 30 2014

By tenettax-team
Corporate Tax

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License fee paid by Hotel for using courtyard of a palace for its business was allowable as revenue expenditure
Salary income declared after search proceedings would be undisclosed even if tax was deducted therefrom

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