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Income Tax - Highlights / Catch Notes

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Donation to Bharatiya Janata Party - The assessee has not given ...

Income Tax

May 5, 2016

Donation to Bharatiya Janata Party - The assessee has not given any advertisement in souvenir of the political party therefore not hit by the provisions of section 37(2B) - expenditure was incurred wholly and exclusively for the purpose of business and was not in personal nature, hence allowable - AT

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