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Income Tax - Highlights / Catch Notes

Home Highlights July 2020 Year 2020 This

Deduction u/s 35(1)(ii) - Provisions of the Act are very clear ...


Section 35(1)(ii): No Tax Disallowance if Payee's Recognition Revoked After Contribution Date.

July 11, 2020

Case Laws     Income Tax     AT

Deduction u/s 35(1)(ii) - Provisions of the Act are very clear that the payer (the assessee herein) would not get affected if the recognition granted to the payee had been withdrawn subsequent to the date of contribution by the assessee. Hence no disallowance u/s 35(1)(ii)

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