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Sum paid to retain shareholding in a co. was an investment eligible for deduction under sec. 57

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Posted onon September 16, 2017

Tenet Tax Daily September 15 2017

By tenettax-team
Corporate Tax

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Exp. incurred by assessee engaged in business of setting-up of new hotel was allowable u/s 37(1): ITAT
Non-AE domestic transaction couldn’t be considered for computing income of international transaction

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