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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Disallowing of gift expenses and Diwali Gift expenses u/s 37 (1) ...

Income Tax

December 15, 2018

Disallowing of gift expenses and Diwali Gift expenses u/s 37 (1) - gift for the person who are not connected with the business of the assessee - CIT (A) was justified in restricting the disallowance to 35% of claim.

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