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Settlement amount paid by firm on behalf of its partner couldn’t be treated as exp. in its hand

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Posted onon February 20, 2016

Tenet Tax Daily February 05 2016

By tenettax-team
Corporate Tax

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A Co. can’t be excluded from list of comparables merely on ground of low turnover
No penalty on NR as he genuinely believed that foreign income wasn’t taxable in India when it was exempt abroad

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