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Products obtained in course of ship breaking activity won’t fall within definition of scrap; not liable to TCS

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  • Products obtained in course of ship breaking activity won’t fall within definition of scrap; not liable to TCS
Posted onon November 7, 2016

tenet-tax-daily-september-26-2016

By tenettax-team
Corporate Tax

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Unit created due to expansion constitutes a new business; tax holiday period begins from initial AY of that unit
ITAT denies set-off of speculative loss when assessee misstated that it was connected with brokerage business

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