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Income Tax - Highlights / Catch Notes

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Disallowance of telephone expenses and motor car expenses at the ...


Court Upholds 10% Disallowance of Phone and Car Expenses for Luxury Vehicles Used by Firm Partners.

April 6, 2018

Case Laws     Income Tax     AT

Disallowance of telephone expenses and motor car expenses at the rate of 10% on adhoc basis - t there are a no. of luxury vehicles which are used by the partners of the firm - the act of the AO to estimate personal use of the vehicle @ 10% cannot be treated as excessive - AT

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