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Income Tax - Highlights / Catch Notes

Home Highlights April 2020 Year 2020 This

Disallowance of business expenses - The expenditure is allowed ...

Case Laws     Income Tax

April 3, 2020

Disallowance of business expenses - The expenditure is allowed as deduction only if it has been incurred for the purpose of business, payment by way of account payee cheques and deduction of TDS does not prove that the expenses had been incurred for the purposes of business

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