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Income Tax - Highlights / Catch Notes

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Estimated disallowance of discount to field staff and salary to ...

Income Tax

April 23, 2019

Estimated disallowance of discount to field staff and salary to staff to the tune of 15% of the expenses made - AO neither passed order u/s 144 nor rejected books of accounts - disallowance based on estimation on suspicion and conjectures that the assessee may be inflating its expenses not permissible

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