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Income Tax - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

Advances and deposit written off - Clearly, the advances which ...

Income Tax

November 19, 2019

Advances and deposit written off - Clearly, the advances which had been made by the assessee in the present case are certainly of a type which are within the contemplation of the words "laid out or expended wholly and exclusively for the purposes of the business and allowable under Section 37(1).

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