Sunday 27 May 2012

UPDATES:


1.  Revised guidelines for declaring a Financial Institution as Public Financial Institution u/s 4A of Companies Act, 1956.General Circular 10/2012 of 21-05-2012.
2.  No penalty if two views possible and assessee claimed deduction as per advice of consultant.  CIT Vs Kas Movie (P) Ltd. Delhi High Court.

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