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Loss incurred in chit-fund would be deductible if funds were raised for business purposes
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Corporate Tax
Loss incurred in chit-fund would be deductible if funds were raised for business purposes
Posted on
on
January 17, 2017
Tenet Tax Daily January 17 2017
By
tenettax-team
Corporate Tax
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Comparable selected in earlier year couldn’t be excluded in later years without any change in facts
Assessee could approach ITAT when Chief CIT had rejected sec. 10(23C) exemption application
