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Income Tax - Highlights / Catch Notes

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Disallowance on account of advances written off - if the direct ...


Advances Written Off in Income Tax: Circumstantial Evidence Considered for Deductions u/ss 37(1) or 28.

May 1, 2019

Case Laws     Income Tax     AT

Disallowance on account of advances written off - if the direct pieces of evidence are not available with the assessee, then in such a situation, the circumstantial pieces of evidence are required to be considered while adjudicating the issue on hand - eligible for deduction, subject to the conditions u/s 37(1)/ 28

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