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No denial of exemption merely because sec. 54F has no specific mention of depreciable assets

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  • No denial of exemption merely because sec. 54F has no specific mention of depreciable assets
Posted onon December 28, 2018

Tenet Tax Daily December 15 2018

By tenettax-team
Corporate Tax

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Disallowance u/s 40(a)(ia) not applicable if exp. wasn’t claimed as deduction while calculating taxable income
No service PE if employee of Singaporean company had visited India for a period of only 2 days

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