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Income Tax - Highlights / Catch Notes

Home Highlights May 2013 Year 2013 This

The mere fact that the income has been assessed in the hands of ...


Parent Company Income Assessment Doesn't Guarantee Expenditure Allowance u/s 37(1) of Income Tax Act.

May 17, 2013

Case Laws     Income Tax     HC

The mere fact that the income has been assessed in the hands of the parent company of the assessee would not be demonstrative of the allowability of the expenditure under Section 37(1) - HC

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