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Debit note raised by foreign buyer for carrying out repairs on goods exported by assessee was allowable deduction

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  • Debit note raised by foreign buyer for carrying out repairs on goods exported by assessee was allowable deduction
Posted onon September 2, 2015

Tenet Tax Daily September 01 2015

By tenettax-team
Corporate Tax, International Tax

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Separate consideration paid while acquiring shares to get commercial rights of marketing was goodwill; depreciable
No TDS on sum paid for repairing of aircraft as same was leased to foreign Co and running on international routes

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