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Income Tax - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

Disallowance selling expenses incurred in respect of sale of ...


Income Tax Act disallows selling expenses for land sales due to cash payments, violating Sections 269SS and 269ST.

February 17, 2020

Case Laws     Income Tax     AT

Disallowance selling expenses incurred in respect of sale of land - payment was made in cash in violation of the provision of sections 269SS and 269ST - payment was made to avoid any legal dispute - Additions confirmed.

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