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Income Tax - Highlights / Catch Notes

Home Highlights June 2018 Year 2018 This

Disallowance for conversion charges paid to the Municipal ...

Case Laws     Income Tax

June 18, 2018

Disallowance for conversion charges paid to the Municipal Corporation - when necessary expenditure has been incurred by making payment to the MCD, it cannot be of any enduring benefit to the assessee - charges have been paid by the assessee for regularization of his existing business thus revenue in nature.

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