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Income Tax - Highlights / Catch Notes

Home Highlights July 2013 Year 2013 This

Merely because, a subsidiary company did not fulfil its ...

Case Laws     Income Tax

July 27, 2013

Merely because, a subsidiary company did not fulfil its obligations, that will not render the transaction illegal and consequently, it cannot be held that the expenditure laid out or incurred is not wholly for the business - HC

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