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Disallowance of business expenditure - When appropriate evidence has been adduced, it is not in the power of the Assessing Officer to arbitrarily disallow any item of expenditure on the ground that the sums are not verifiable. - HC

Income Tax - Disallowance of business expenditure - When appropriate evidence has been adduced, it is not in the power of the Assessing Officer to arbitrarily disallow any item of expenditure on the ground that the sums are not verifiable. - HC - TMI Updates - Highlights .....

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