Although it began as another epidemic such as the 2009 H1N1 flu pandemic and the 2013 Western Africa Ebola virus, the impact of COVID-19 has rippled around the world, affecting the supply chains of major industries. Business leaders across the globe are struggling to predict and accurately assess the impact of COVID-19 on their businesses, market situations and people.
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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT
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