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Case remanded to decide if letting out of commercial complexes were business income or income from house property

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  • Case remanded to decide if letting out of commercial complexes were business income or income from house property
Posted onon July 1, 2014

Tenet Tax Daily June 27 2014

By tenettax-team
Corporate Tax

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HC deletes addition as variation in GP rates of current year and preceding years couldn’t justify additions
Surplus arising to distributor of books from dealing in shares was capital gain if shares were held as investments

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