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Income Tax - Highlights / Catch Notes

Home Highlights May 2012 Year 2012 This

Merely because the assessee's income, after incurring such ...


Expenses Deductible Even if Assessee's Income is Minimal or Negligible Under Income Tax Laws.

May 28, 2012

Case Laws     Income Tax     AT

Merely because the assessee's income, after incurring such expenses, was found to be little or negligible, it cannot be said that the said expenditure became an impermissible deduction. - AT

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