Monday, September 10, 2018

AO couldn’t disallow part of expense if it was incurred wholly & exclusively for business purpose

IT: Where expenditure claimed by assessee towards service charges was proved to be wholly and exclusively for purpose of business, same was to be allowed

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000182904/ao-couldn’t-disallow-part-of-expense-if-it-was-incurred-wholly-exclusively-for-business-purpose.aspx
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