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Income Tax - Highlights / Catch Notes

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Depreciation on Innova car - car having been purchased from the ...

Income Tax

March 5, 2020

Depreciation on Innova car - car having been purchased from the company’s fund though in the name of the Director and expenses as to its maintenance and running have been duly charged to the account which are audited one and have been duly accepted, disallowance made by the AO and confirmed by the ld. CIT (A) is not sustainable - AT

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