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Income Tax - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

Allowability of Turnover discount and Service discount – ...


Court Upholds Disallowance of Discounts Due to Lack of Evidence on Turnover and Service Discounts in Other Years.

April 1, 2014

Case Laws     Income Tax     AT

Allowability of Turnover discount and Service discount – Assessee has not produced any evidence to show that the discounts was also allowed to other parties in the past or in subsequent years - disallowance confirmed - AT

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