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Income Tax - Highlights / Catch Notes

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Disallowance of advances written off - the parent company has ...

Income Tax

May 6, 2020

Disallowance of advances written off - the parent company has not reimbursed the amount only on account of change of policy of the parent company. - the assessee has failed to substantiate as to why the advances amount was written off, particularly under the fact that the same is recoverable from its parent company.

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