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Income Tax - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

Disallowance of school expenses - contribution for the running ...

August 30, 2018

Case Laws     Income Tax     AT

Disallowance of school expenses - contribution for the running of the FACT School - an expenditure for the smooth functioning of the business of the assessee and an expenditure wholly and exclusively for the welfare of the employees of the assessee and thus, allowable under section 37(1) as well as section 40A(10) of the Act.

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