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Income Tax - Highlights / Catch Notes

Home Highlights December 2015 Year 2015 This

Disallowance of contractor expenses - whether payment made to ...

Income Tax

December 28, 2015

Disallowance of contractor expenses - whether payment made to sub-contractors are bogus - assessee is able to show the commercial expediency to incur the expenditure for the purpose of business and incurring of expenditure also confirmed by the respective sub-contractors and they have received payments through banking channel in subsequent assessment years - expenses allowed - AT

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