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Income Tax - Highlights / Catch Notes

Home Highlights September 2019 Year 2019 This

Nature of expenditure - There is no provision in the Act to ...

Income Tax

September 23, 2019

Nature of expenditure - There is no provision in the Act to disallow revenue expenditure under Section 37 of the Act in its entirety, in the year in which the expenditure is incurred, on the basis that it has to be allowed only to the extent benefit is received.

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