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Income Tax - Highlights / Catch Notes

Home Highlights November 2017 Year 2017 This

Genuineness of expenditure - payment is as per the registered ...

Income Tax

November 25, 2017

Genuineness of expenditure - payment is as per the registered agreement which is a sale deed and there is no requirement of any cash flow statement when payment is from cash book maintained in the ordinary course of business. In fact addition for doubting source is to be made U/s 69 and not for the disallowance of expenditure

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