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Income Tax - Highlights / Catch Notes

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Disallowance u/s 40A(3) - purchasing material for old father on ...

Income Tax

January 7, 2016

Disallowance u/s 40A(3) - purchasing material for old father on cash payments - assessee and his son were acting in the relationship of principal and agent and the impugned cash payments are clearly covered under exception carved out by rule 6DD(k). - AT

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