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3 Cards in this Set
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- 3rd side (hint)
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City Mills Distributors |
Pre incorporation profits are taxable in the hands of promoters instead of the assessee-company. |
Incorporation |
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U.p. state industrial development corporation |
Underwriting commission received can be deducted from the value of shares purchased by the underwriter himself. |
Underwriter |
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Chennai properties and investment (p) Ltd. |
If objective of business is to let it properties, income taxable under PGBP. |
Let out |
