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No concealment if an expense was disallowed as two possible views existed on its allowance

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  • No concealment if an expense was disallowed as two possible views existed on its allowance
Posted onon October 24, 2013

Tenet Tax Daily October 23 2013

By tenettax-team
Corporate Tax

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No need to establish rendition of services in India to tax FTS as long as payer is a resident
Concealment penalty not leviable without recording finding as to concealment of income

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