9911796707
TMI BlogTP Adjustment - Disallowance of expenditure u/s 40(a)(ia) - any expenditure not for the purpose of...TP Adjustment - Disallowance of expenditure u/s 40(a)(ia) - any expenditure not for the purpose of business, the A.O. can certainly re-characterize the same as not allowable expenditure u/s 37 - as mentioned earlier, the A.O. nor DRP has not examined whether the said expenditure is allowable business expenditure u/s 37 - A.O. held that provision disallowed by the assessee u/s 40(a)(ia) of the Act cannot be allowed as deduction in the subsequent assessment year, since, the expenditure does not pe..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
