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Income Tax - Highlights / Catch Notes

Home Highlights December 2020 Year 2020 This

Disallowance of business expenditure - very businessman have a ...

Case Laws     Income Tax

December 12, 2020

Disallowance of business expenditure - very businessman have a right to acquire knowledge and special skills in management for implementation of systems and new techniques. - Simply because the turnover has fallen down and further granting license is pending before the Government are not at relevant factors to deny the business expenditure claimed by the Assessee. - AT

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