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Income Tax - Highlights / Catch Notes

Home Highlights November 2020 Year 2020 This

Expenses incurred by contributing to Chennai Open Tennis ...

November 10, 2020

Case Laws     Income Tax     HC

Expenses incurred by contributing to Chennai Open Tennis Tournament - It is manifest that the amounts in question were paid by the assessee as a statutory agent to discharge a statutory duty unconnected with the business, though the occasion for the imposition arose because of the territorial nexus afforded by the accident of its doing business in India - Expenses not allowed - HC

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