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No disallowance of contribution to PF just because PF wasn’t recognized by Jurisdictional CIT

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  • No disallowance of contribution to PF just because PF wasn’t recognized by Jurisdictional CIT
Posted onon December 9, 2015

Tenet Tax Daily December 09 2015

By tenettax-team
Corporate Tax

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No accrual of income if its payment was deferred prior to closing of previous year
No concealment penalty when assessee had shown non-compete fee as a capital receipt due to bona-fide belief

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