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Income Tax - Highlights / Catch Notes

Home Highlights October 2019 Year 2019 This

The audit report cannot replace the provisions of law and the ...


Court Upholds Taxpayer's Right to Deduct Feasibility Study Expenses as Revenue for Existing Business.

October 31, 2019

Case Laws     Income Tax     AT

The audit report cannot replace the provisions of law and the principles laid down by the Hon’ble Court’s. - the assessee is entitled for the deduction of the expenses incurred on the study/feasibility report on the existing business being revenue in nature.

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