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Income Tax - Highlights / Catch Notes

Home Highlights July 2017 Year 2017 This

No business expediency or necessity was established by assessee ...

Case Laws     Income Tax

July 28, 2017

No business expediency or necessity was established by assessee to bear such a huge expenditure on foreign education of son of assessee’s promoter, who was not even a regular employee of the assessee company at the time of joining the course abroad - Expenses disallowed.

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