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Income Tax - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Disallowance of rent - Tribunal viewed the entire expenditure ...

Income Tax

August 6, 2013

Disallowance of rent - Tribunal viewed the entire expenditure not from the angle of prudence but from the question of genuineness thereof. It is true that such genuineness was examined on the basis of normal conduct of a business man - disallowance confirmed - HC

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