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Income Tax - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

The explanation of the assessee that the cash receipts had been ...


Assessee's Claim Denied: Suppressing Cash Receipts for Corruption Management Does Not Justify Related Expenditure Deductions.

April 3, 2014

Case Laws     Income Tax     HC

The explanation of the assessee that the cash receipts had been suppressed for the purposes of taking care of corruption at various levels also disentitles them for claiming expenditure - HC

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