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Income Tax - Highlights / Catch Notes

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Restriction on cash expenditure u/s 40A(3) - activity of supply ...

Income Tax

April 11, 2015

Restriction on cash expenditure u/s 40A(3) - activity of supply of food grains, sugar & kerosene under Public Distribution System - payments has been made to dealer authorised by the Govt. and not to the Government itself. - disallowance confirmed - AT

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