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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Addition of ex-gratia payment by assessee-bank - The view of the ...

Case Laws     Income Tax

March 19, 2019

Addition of ex-gratia payment by assessee-bank - The view of the AO that the payment is made in lieu of the dividend or distribution of profit cannot be accepted because employees are not entitled to share in the profits as well as distribution of the dividend.

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