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Income Tax - Highlights / Catch Notes

Home Highlights November 2020 Year 2020 This

Expenditure incurred toward payment of voluntary retirement ...

Case Laws     Income Tax

November 27, 2020

Expenditure incurred toward payment of voluntary retirement compensation of the employees taken over - the expenses incurred by the assessee under the scheme have been incurred solely and exclusively for the purposes of business and are entitled for deduction under Section 37(1) of the Act. - HC

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