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Income Tax - Highlights / Catch Notes

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Business promotion expenses - The nature of business activity of ...


Business Promotion Expenses Valid if Supported by Self-Drawn Vouchers Without Accounting Discrepancies or Business Turnover Issues.

October 12, 2023

Case Laws     Income Tax     AT

Business promotion expenses - The nature of business activity of the assessee was such which required extensive involvement of individuals and on that account certain expenditures if made on the support of self drawn vouchers, the same cannot be doubted when otherwise there is no defect in the books and the business turnover. - AT

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