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Income Tax - Highlights / Catch Notes

Home Highlights May 2020 Year 2020 This

Nature of expenditure - Expenditure being contribution to ...


Cricket Academy contribution deemed revenue expenditure u/s 37 of Income Tax Act; qualifies as deductible expense.

May 19, 2020

Case Laws     Income Tax     AT

Nature of expenditure - Expenditure being contribution to Cricket Academy u/s 37 - t expenditure in question was revenue expenditure and should be allowed as a deduction.

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