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Income Tax - Highlights / Catch Notes

Home Highlights April 2018 Year 2018 This

Disallowance of expenses as no activity was carried on by the ...


Private Company Allowed Expense Deductions Despite No Business Activity to Maintain Active Status.

April 2, 2018

Case Laws     Income Tax     AT

Disallowance of expenses as no activity was carried on by the assessee - a private limited company being a body corporate has to incur certain expenses to keep its status active - expenditure claimed by the assessee allowed as deduction - AT

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