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Income Tax - Highlights / Catch Notes

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Disallowing on account of expenses incurred in giving free ...

Income Tax

April 16, 2021

Disallowing on account of expenses incurred in giving free samples of veterinary medicines - In fact these expenses are incurred wholly and exclusively for the purpose of increasing the sale of the company by making these samples available to the end user and also studying the effect of those products on animal and birds. - Expenses cannot be disallowed - AT

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