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Income Tax - Highlights / Catch Notes

Home Highlights October 2012 Year 2012 This

Expenditure incurred by the assessee in the running of his ...


Taxpayer's Business Expenses Not Disallowed Even If Third Party Benefits, Says New Rule Interpretation.

October 11, 2012

Case Laws     Income Tax     HC

Expenditure incurred by the assessee in the running of his business cannot be disallowed merely on the ground that a part of the expenditure results in some benefit to a third party - HC

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