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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

The purpose of the payment of loyalty commission was clearly for ...

Income Tax

February 3, 2015

The purpose of the payment of loyalty commission was clearly for business of the assessee, and it is not for the department to sit over the judgment of the assessee that how the business has to be conducted and the expenditure incurred could not be disallowed, till it shows that the payment itself was not genuine - AT

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