Disallowance of expenditure having regard to fair market value

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..... USE OF THE CODE CHAPTER - IX SPECIAL PROVISIONS TO PREVENT EVASION Disallowance of expenditure having regard to fair market value 104. (1) A person shall not be allowed a deduction .....

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..... f the goods, services or facilities for which the payment is made; (ii) the legitimate needs of the business of the person; or (iii) the benefit derived by, or accruing to, the per .....

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