Disallowance of the claim for deduction u/s. 37((1) - ...

Income Tax

December 19, 2015

Disallowance of the claim for deduction u/s. 37((1) - recruitment of employees before commencement of business - Undisputedly, this line of business requires expertise who have proficiency in understanding the carats of diamonds and related jewellery, without such recruitment, it would be a futile exercise to commence the business. - expenses allowed - AT

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Disallowance of the claim for deduction u/s. 37((1) - ...

Income Tax

December 19, 2015

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