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Supreme Court Weekly Round-Up
Ashok KM
15 May 2017 10:22 AM IST
Expenditure Incurred To Earn Dividend Income On Shares Not DeductibleIn an important verdict, the Supreme Court, in Godrej & Boyce Manufacturing Company Limited vs Dy Commissioner of Income-Tax, held that Section 14A of the Income Tax Act would apply to dividend income on which tax is payable under Section 115-O of the Act.No Condonation Of Delay In Payment Of Rent For Wilful...
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