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Income Tax - Highlights / Catch Notes

Home Highlights February 2021 Year 2021 This

Nature of expenditure - compensation to the Forest Department on ...

February 26, 2021

Case Laws     Income Tax     AT

Nature of expenditure - compensation to the Forest Department on account of the decision of Hon'ble Supreme Court - The AO admitted this fact that the amount paid was not for acquiring the new asset. - The said expenses are liable to be treated to be paid for business expenses.- AT

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