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Income Tax - Highlights / Catch Notes

Home Highlights April 2016 Year 2016 This

Allowability of expenditure - Where the expenditure is relatable ...

Case Laws     Income Tax

April 21, 2016

Allowability of expenditure - Where the expenditure is relatable to day to day running of the business, the said expenditure is allowable as revenue expenditure in the hands of assessee irrespective of the fact that the assessee was following percentage completion method of recognizing its revenue - AT

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