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Advance received by lawyers on legal matters can’t be treated as income till completion of case

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  • Advance received by lawyers on legal matters can’t be treated as income till completion of case
Posted onon December 9, 2015

Tenet Tax Daily November 25 2015

By tenettax-team
Corporate Tax

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Excess money refunded on cancellation of booking of flats couldn’t be held as interest for purpose of sec. 194A TDS
Sum paid to clear mortgage can’t be held as exp. incurred in connection with transfer under sec. 48

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