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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Disallowance of business promotion expenses - ad-hock ...

Income Tax

March 20, 2019

Disallowance of business promotion expenses - ad-hock disallowane @ 30% - no enquiry whatsoever from the parties to whom the said expenses were paid by the assessee - no instance to show any unverifiable element involved in the business promotion expenses - adhoc disallowance not sustainable.

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