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Income Tax - Highlights / Catch Notes

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Disallowance of the payment of the privilege fee - business ...

Income Tax

March 19, 2017

Disallowance of the payment of the privilege fee - business expenditure or not - If any assessee has incurred expenses to discharge its statutory obligation for doing of business, the same by no stretch of imagination can be termed as not for the purpose of business or profession. - HC

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