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Income Tax - Highlights / Catch Notes

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Disallowance of donation paid by the assessee to school - how a ...

Income Tax

November 23, 2022

Disallowance of donation paid by the assessee to school - how a school would block the business of the assessee on account of non-payment. If at all, this payment had been made for non-business requirements These are nothing but gratuitous payments. It is not allowable expenditure - Additions confirmed - AT

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