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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Addition of expenses u/s 37(1) - It does not make any ...

Case Laws     Income Tax

January 16, 2014

Addition of expenses u/s 37(1) - It does not make any difference, whether expenditure is direct or indirect - So long as there exists a nexus of the expenditure with the offence, it will continue to be hit by the Explanation - AT

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