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Income Tax - Highlights / Catch Notes

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Disallowance u/s 40A(2)(a) – Professional fees paid to the ...

Income Tax

November 4, 2014

Disallowance u/s 40A(2)(a) – Professional fees paid to the subsidiary company - three situations, warranting disallowance u/s 40A(2), are joined by the word ‘or’ and are independent of each other - AO has not determined the fair market value - no disallowance - AT

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