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Disallowance of expenditure paid to holding company in absence of documents disallowed under sec. 40A(2)

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Posted onon March 3, 2014

Tenet Tax Daily February 28 2014

By tenettax-team
Corporate Tax

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HC – Expenditure incurred on setting-up V-Sat facility is revenue expenditure
Income from sale of shares treated as capital gain even when it witnessed higher frequency of transactions

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