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Income Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

Disallowance towards mobilization of advances claimed by the ...

Income Tax

March 27, 2018

Disallowance towards mobilization of advances claimed by the assessee as sub-contract expenditure - no corresponding bills were raised against the assessee. In such circumstances, it is not possible to hold that the assessee actually incurred expenditure wholly and exclusively for the purpose of business - AT

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