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Income Tax - Highlights / Catch Notes

Home Highlights February 2014 Year 2014 This

Payment of expenditure in cash - Section 40A(3) - the payment ...


Taxpayer's Liquor Purchase Exempt from Section 40A(3) Restrictions u/r 6DD(b) of Income Tax Act.

February 25, 2014

Case Laws     Income Tax     AT

Payment of expenditure in cash - Section 40A(3) - the payment made by the assessee for the purchase of country liquor and country spirit from the territorial licensee bottling plant is protected by the exemption in terms of Rule 6DD(b) - AT

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