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Income Tax - Highlights / Catch Notes

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TP Adjustment - Disallowance of non-operating and non-allocable ...

Income Tax

November 10, 2023

TP Adjustment - Disallowance of non-operating and non-allocable expenses incurred for exploring new business in the line of Maintenance and Operations of Transportation - CIT(A) was not justified in disallowing non-operating non-allocated expenses and expenses incurred for exploring new business in the line of Maintenance and Operations of Transportation by the assessee. - AT

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