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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Disallowance on account of reimbursement of warranty claims - ...


Reimbursement for Warranty Claims Denied as Revenue Expenditure Under Business Purchase Agreement.

January 15, 2014

Case Laws     Income Tax     AT

Disallowance on account of reimbursement of warranty claims - even if any liability is taken over by the assessee as a part of business purchase agreement, discharge of such liability cannot be claimed as a revenue expenditure - AT

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