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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Addition U/s 40A(3) - book entries in respect of incentives. - ...

Case Laws     Income Tax

August 28, 2015

Addition U/s 40A(3) - book entries in respect of incentives. - Merely because some book entries are routed through the assessee’s cash book the learned Assessing Officer cannot ignore the real nature of the transactions and arbitrarily hold them as cash payments - AT

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