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Income Tax - Highlights / Catch Notes

Home Highlights August 2020 Year 2020 This

Nature of expenditure - addition towards Professional Fees and ...

Income Tax

August 8, 2020

Nature of expenditure - addition towards Professional Fees and treating the same as Capital Expenditure - Legal and Professional charges paid by the appellant company does not directly or indirectly pertain to the Product development cost nor does it give the benefit of enduring nature but it’s a normal routine business expenditure incurred by the appellant company. - AT

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