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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

Disallowance of purchase of consumable goods, i.e., cotton, ...

Income Tax

November 10, 2015

Disallowance of purchase of consumable goods, i.e., cotton, gauze and bandage, etc. - ingenuine and unverifiable purchases - the books of account being not rejected and consumption of cotton having comparatively decreased - AO directed to restrict the disallowance to 15 per cent. of purchases- AT

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