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No disallowance of scientific research exp. just because benefit of research not shown in relevant year

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  • No disallowance of scientific research exp. just because benefit of research not shown in relevant year
Posted onon November 10, 2016

tenet-tax-daily-october-28-2016

By tenettax-team
Corporate Tax

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TP provisions aren’t applicable on transactions between Indian head office and foreign branch
No tax recovery from purchaser when bank had sold mortgaged property without sharing proceeds with tax dept.

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