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Income Tax - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

Allowable expenditure under Section 37(1) - protective ...

Case Laws     Income Tax

February 17, 2020

Allowable expenditure under Section 37(1) - protective assessment / additions - The question of making protective demand based on the assessment of the person who paid the amount the petitioner appears to be incorrect as assessment cannot be made subject to outcome of collateral proceedings of another person.

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