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Income Tax - Highlights / Catch Notes

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Disallowance of direct expenses materials - there is no doubt of ...

Income Tax

June 23, 2020

Disallowance of direct expenses materials - there is no doubt of whatsoever with regard to purchases of materials for the purpose of development of land. - When 50% direct expense is genuine, then remaining 50% cannot be non-genuine merely because it was purchased from associate concern.

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