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Income Tax - Highlights / Catch Notes

Home Highlights May 2018 Year 2018 This

Expenditure incurred for maintaining corporate entity - There is ...

Case Laws     Income Tax

May 7, 2018

Expenditure incurred for maintaining corporate entity - There is no doubt that the assessee is a corporate entity. Even if it is not carrying on any business activity it has to incur some expenditure to keep up its corporate entity. Therefore expenditure incurred by it has to be allowed. - AT

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