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Income Tax - Highlights / Catch Notes

Home Highlights September 2016 Year 2016 This

Since the penalty is levied by HPCL for non-fulfillment of some ...

Income Tax

September 19, 2016

Since the penalty is levied by HPCL for non-fulfillment of some dealership condition falls within the purview of business expenditure, hence the same is allowable expenditure u/s 37 of the Income-tax Act, 1961 - AT

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