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Income Tax - Highlights / Catch Notes

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Allowable deduction u/s 37(1) - expenditure incurred by the ...

Income Tax

March 22, 2017

Allowable deduction u/s 37(1) - expenditure incurred by the assessee by way of payment to Knight Riders Sports Pvt. Ltd. for obtaining sponsorship rights in favour of Star India Pvt. Ltd. - Business nexus established - deduction allowed - AT

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