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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Disallowance u/s 40A(2) - the addition has been agreed to due to ...


Misunderstanding of Section 40A(2) Leads to Erroneous Disallowance; CBDT Circular Clarification Results in Deletion of Additions.

November 20, 2013

Case Laws     Income Tax     AT

Disallowance u/s 40A(2) - the addition has been agreed to due to misunderstanding/misconception of provisions of law and is against the clarification given by the CBDT vide Circular - additions deleted - AT

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