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Income Tax - Highlights / Catch Notes

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Disallowance of expenditure incurred on promotional activities - ...

Income Tax

November 12, 2022

Disallowance of expenditure incurred on promotional activities - capital expenditure - 36(1)(xii) - When the notifying authority itself has mentioned that the assessee is being notified from AY 2013-14 onwards, we are of the view that the assessee cannot be deemed to have been notified in the year under consideration, being AY 2010-11 - additions confirmed - AT

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