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Income Tax - Highlights / Catch Notes

Home Highlights March 2013 Year 2013 This

Distribution expenses disallowed - assessee is distributor of a ...


High Court Rules in Favor of Assessee: AO's Failure to Verify Entries Invalidates Disallowance of Distribution Expenses.

March 4, 2013

Case Laws     Income Tax     HC

Distribution expenses disallowed - assessee is distributor of a mobile service provider - once the AO himself has failed to verify the entries, there is no reason to disallow the distribution expenses. - HC

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