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Income Tax - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

Adhoc disallowance of 5% of Various expenses - Merely because ...

Case Laws     Income Tax

November 8, 2019

Adhoc disallowance of 5% of Various expenses - Merely because cash payment has been made is not an indicator that the transaction is non-genuine or bogus or the cash payment has not been made for purposes of business.

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