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Income Tax - Highlights / Catch Notes

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Addition being expense for valuation certification u/s 37(1) - ...


Share Valuation Certificate Fee Deemed Business Expense u/s 37(1) of Income Tax Act.

February 13, 2023

Case Laws     Income Tax     AT

Addition being expense for valuation certification u/s 37(1) - Professional fee paid for share valuation certificate - the expenses claimed by the assessee have been incurred during the regular course of business and cannot be treated as capital expenses. - AT

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