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Income Tax - Highlights / Catch Notes

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Disallowance of expenses - Disallowance has been merely made on ...

Income Tax

December 19, 2018

Disallowance of expenses - Disallowance has been merely made on the observation that some of the expenditure are incurred in cash and some vouchers are self made - merely making a ad-hoc disallowance and completely disregarding the audited financial statements was certainly not justified on the part of Ld.A.O.

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