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Income Tax - Highlights / Catch Notes

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

Income Tax

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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