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Income Tax - Highlights / Catch Notes

Home Highlights March 2014 Year 2014 This

Reduction in commission paid to family members - the payment of ...


20% Commission Disallowance Confirmed Due to Payments Aimed at Reducing Taxable Income, Not Business Purposes.

March 11, 2014

Case Laws     Income Tax     AT

Reduction in commission paid to family members - the payment of commission has been made merely to reduce the taxable income and not for the purpose of business of the assessee - disallowance to the extent to 20% confirmed - AT

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