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AO couldn’t make additions due to deposit of money in Swiss Bank if assessee became NR decades ago

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  • AO couldn’t make additions due to deposit of money in Swiss Bank if assessee became NR decades ago
Posted onon September 6, 2018

Tenet Tax Daily August 27 2018

By tenettax-team
Corporate Tax

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Interest paid on funds borrowed for installing power plant allowable irrespective of commencement of production
Sale of land jointly held with co. not taxable as business profit just because Co. held land as stock-in-trade

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