| Posted: 07 Nov 2011 05:18 PM PST Interest earned on fixed deposits have an immediate nexus with the export business would be treated as income from business and interest earned on fixed deposits which does not have an immediate nexus with the export business, it would be treated as... |
Income Tax | Subcontractor’s Non-Response Cannot Alone Justify ₹49.68 Crore
Disallowance: ITAT Mumbai
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ITAT Mumbai upheld deletion of ₹49.68 crore subcontract disallowance and
sustained 12.5% estimation on alleged bogus purchases.
The post Subcontractor’s N...
18 hours ago






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