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Income Tax - Highlights / Catch Notes

Home Highlights October 2020 Year 2020 This

Disallowing repairs and maintenance expense - The expenses ...

Income Tax

October 9, 2020

Disallowing repairs and maintenance expense - The expenses reimbursed by the assessee have been paid through bank account and routine expenditure in nature. Therefore, none of the expenditure could be said to be capital in nature and hence, allowable expenditure u/s 37(1) - - AT

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