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Income Tax - Highlights / Catch Notes

Home Highlights October 2021 Year 2021 This

Disallowance of rental expenses - expenses relating to earlier ...

Income Tax

October 30, 2021

Disallowance of rental expenses - expenses relating to earlier year were not admissible - CIT(A) has incorrectly stated in his finding that assessee has only claimed the interest component and not claimed the rental expenses of earlier year - There is no doubt about the genuineness of the expenditure. - Claim allowed - AT

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