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Income Tax - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

Additions towards Revenue sharing - Joint Venture Agreement - ...

Case Laws     Income Tax

February 3, 2020

Additions towards Revenue sharing - Joint Venture Agreement - there is a commercial expediency in incurring the expenditure and the AO has no power to sit in the arm chair of the businessman and decide as to what would be the reasonable expenditure which is required to be incurred.

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