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Income Tax - Highlights / Catch Notes

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Disallowance of rent - allowable revenue expenditure u/s 37 or ...

Income Tax

February 15, 2022

Disallowance of rent - allowable revenue expenditure u/s 37 or not? - In this case the appellant has not filed any documents to establish that the expenditure was incurred wholly and exclusively for the purpose of business of the expenditure. The burden of proof is on appellant. Appellant failed to discharge the same. - AT

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