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Income Tax - Highlights / Catch Notes

Home Highlights June 2016 Year 2016 This

Disallowance of business expenditure - When appropriate evidence ...

Case Laws     Income Tax

June 20, 2016

Disallowance of business expenditure - When appropriate evidence has been adduced, it is not in the power of the Assessing Officer to arbitrarily disallow any item of expenditure on the ground that the sums are not verifiable. - HC

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