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Income Tax - Highlights / Catch Notes

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Allowability of business expenditure incurred towards purchase ...

Income Tax

January 13, 2024

Allowability of business expenditure incurred towards purchase of sugarcane from member farmers' u/s 37(1) - the payment of additional sugarcane price, with the approval of the managing committee of the assessee for payment of sugarcane is not distribution of profit. - AT

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