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Income Tax - Highlights / Catch Notes

Home Highlights December 2011 Year 2011 This

Claim of expenditure for Commission payment to the Directors of ...

Case Laws     Income Tax

December 23, 2011

Claim of expenditure for Commission payment to the Directors of other company for procurement of orders. - This amounts to an abetment of not only an unethical business practice but also amounts to abetting to commit a breach of trust by the directors of the recipient company, which is clearly an offence - prohibited by law. - deduction not allowed. .... - AT

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