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Income Tax - Highlights / Catch Notes

Home Highlights November 2020 Year 2020 This

Nature of expenditure - expenses incurred on account of ...

Income Tax

November 20, 2020

Nature of expenditure - expenses incurred on account of professional and legal fees - The expenses are not incurred for exploring the market for a new product and rather expenses is incurred for exploring the circumstances as to how Assessee should manage it s existing business more effectively - expenditure incurred by Appellant is business expenditure allowable under Section 37. - HC

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