Bogus expenditure - addition @20% - Since all these expenses are ...
Court Reduces Bogus Expenditure Additions From 20% to 10% in Tax Case, Recognizing Business Necessity of Expenses.
November 30, 2019
Case Laws Income Tax AT
Bogus expenditure - addition @20% - Since all these expenses are otherwise essential for carrying out the business activity by the assessee, therefore, the claim of the assessee cannot be considered as absolutely bogus or falls - additions restricted to 10% instead of 20%
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