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Income Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

Addition on account of gift and presents and general expenses - ...

Income Tax

March 19, 2018

Addition on account of gift and presents and general expenses - All the expenses as claimed are fully verifiable and supported by third party vouchers - AO cannot make addition on estimation - AT

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  2. Computer Gift Expenses and other gift expenses - expenditure prohibited by MCI Guidelines - Once, the basis on which the addition made is not substantiated by the ld. AO...

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