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Disallowance on basis of activity of a person engaged on a different business model wasn’t justified: ITAT

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Posted onon April 19, 2017

Tenet Tax Daily April 15 2017

By tenettax-team
Corporate Tax

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No denial of sec. 10(23C) relief to school just because its governing body have object of Vedic teachings
No disallowance u/s 40A(2) on basis that a professional couldn’t perform multiple tasks for more than one concern

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