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Income Tax - Highlights / Catch Notes

Home Highlights December 2016 Year 2016 This

Rent expenses - plot was used for the purpose of sister concern ...


Rent for Sister Concern's Plot Allowed if Business Expediency Justified, Even with Third-Party Benefit.

December 14, 2016

Case Laws     Income Tax     AT

Rent expenses - plot was used for the purpose of sister concern - if the expense has incurred expenses for business expediency and third party also gets some benefit in the process, then also, the expenditure is allowable - AT

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