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Income Tax - Highlights / Catch Notes

Home Highlights April 2020 Year 2020 This

Disallowance being credit card expenses - the impugned expense ...

Income Tax

April 14, 2020

Disallowance being credit card expenses - the impugned expense is only 0.07% of the total turnover. Thus, ultimately, the impugned expenses have been found to be incurred wholly and exclusively for the business of the assessee by the ld.CIT(A), which finding according to us is without any ambiguity and needs no interference.

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