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TABLE OF CONTENTS INTRODUCTION………………………………………………….3 CONCEPT OF INCOME FOR INCOME TAX PURPOSES AND THE DISTINCTION OF INCOME/CAPITAL…………………………3-7 CONCLUSION………………………………………………………7-8 TAXATION FOR ACCOUNTING STUDIES ANALYSIS AND EVALUATION OF THE OPINION ON THE STATEMENT OF HANNAN AND FANSWORTH ON THE WORD “INCOME” INTRODUCTION The term “income” cannot have an exhaustive definition as because … Read more
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