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Income Tax - Highlights / Catch Notes

Home Highlights October 2020 Year 2020 This

Nature of expenditure - admission fees paid to Stock Exchange - ...

Case Laws     Income Tax

October 20, 2020

Nature of expenditure - admission fees paid to Stock Exchange - Assessee has not been able to establish any special circumstances for an opposite conclusion in the present case - expenditure incurred was for acquiring and bringing into existence an asset or advantage of enduring benefit and not for running business to produce more profits. - AT

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