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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Disallownace of layout formation expenses - even though the ...

Income Tax

October 14, 2015

Disallownace of layout formation expenses - even though the expenditure incurred after the execution of the deed by the assessee, there existed a commitment in relation to such sale - claim of expenses allowed - AT

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  9. Department has no discretion to prescribe what expenditure the assessee should incur and in what circumstances he should incur the expenses - HC

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