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Income Tax - Highlights / Catch Notes

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Disallowance of 20% of Legal & Professional Fees paid - ...

Income Tax

May 2, 2018

Disallowance of 20% of Legal & Professional Fees paid - authorities have not identified, if the payments made to related party is unreasonable - Legal & Professional Fees is only 2.02% of the sales. No justification in partial disallowance of Legal and Professional Expenses - AT

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