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Income Tax - Highlights / Catch Notes

Home Highlights November 2016 Year 2016 This

Business promotion expenditure - The special box sponsored by ...

Case Laws     Income Tax

November 29, 2016

Business promotion expenditure - The special box sponsored by the assessee - It is difficult to imagine how 15 persons sitting in an air-conditioned box and watching a cricket match would help the business of the assessee - Expenditure u/s 37(1) not allowed - AT

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