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Income Tax - Highlights / Catch Notes

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Disallowance of Commission paid in respect of exports to Iraq - ...


Commission for Exports to Iraq Cannot Be Disallowed u/s 37 Based on Unproven Legal Infraction Suspicions.

December 2, 2016

Case Laws     Income Tax     AT

Disallowance of Commission paid in respect of exports to Iraq - Explanation to section 37 of the Act cannot be invoked merely on the basis of an unestablished doubt that expenditure incurred could be for infraction of law. - AT

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