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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

Amount written off by the assessee cannot be considered as ...


Taxpayer's Write-Off Not Deductible as Exclusive Income-Earning Expenditure Under "Income from Other Sources" Category.

December 15, 2014

Case Laws     Income Tax     AT

Amount written off by the assessee cannot be considered as expenditure incurred wholly and exclusively for the purpose of earning of income, which is included in the computation of income under the head "Income from other sources" - AT

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