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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Rebate & discount expenses - the bills were issued on Maximum ...

Case Laws     Income Tax

October 6, 2015

Rebate & discount expenses - the bills were issued on Maximum Retail Price (MRP) and the discount was given through self made vouchers because there was no such software in the accounting system for giving discount. AO made the adhoc disallowance without any basis - Claim allowed - AT

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