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Income Tax - Highlights / Catch Notes

Home Highlights June 2016 Year 2016 This

Addition of general expenses being 10% of the general expenses - ...


Tax Authority Disallows 10% of Company Expenses Due to Lack of Documentation and Bills for General Costs.

June 4, 2016

Case Laws     Income Tax     AT

Addition of general expenses being 10% of the general expenses - failure of the assessee company to produce the documentary evidences, bills etc. - the disallowance of 10% of general expenses is quite reasonable - AT

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