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Income Tax - Highlights / Catch Notes

Home Highlights November 2017 Year 2017 This

Payment to sister concerns - Addition u/s 40A(2)(b) - license ...


AO's Addition u/s 40A(2)(b) Fails Due to Lack of Evidence on Favoritism Towards Nimbus Communication.

November 8, 2017

Case Laws     Income Tax     AT

Payment to sister concerns - Addition u/s 40A(2)(b) - license fee, programme amortization-payment - AO has failed to substantiate the allegation that the assessee has extended unreasonable favour to its sister concern Nimbus Communication. - AT

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