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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Disallowance of proportionate revenue expenditure - allocating ...

Income Tax

December 26, 2018

Disallowance of proportionate revenue expenditure - allocating adhoc 10% of other expenses to work-in-progress account - AO directed to allocate 25% of other expenses of as directly related to the project to be capitalized under the head ‘work-in-progress account’.

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