The Income Tax Appellate Tribunal (ITAT), Mumbai has held that an asset management company was not eligible to claim business deductions from the day the Securities and Exchange Board of India (SEBI) granted approval to commence business. The assessee, an asset management company incorporated on 8th August 2011, required to obtain Securities and Exchange Board […]
The post Asset Management Company eligible to Claim Business Deductions after getting Approval from SEBI to Commence Business: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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