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Income Tax - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

Addition of purchase expenses in cash u/s.40A(3) - the credit ...

Case Laws     Income Tax

November 2, 2019

Addition of purchase expenses in cash u/s.40A(3) - the credit balance of the parties were transferred to the partners account and partners in turn settled the claims of the parties in cash - what is not directly permitted cannot be indirectly permitted.

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