COMMISSIONER OF INCOME-TAX versus MAFATLAL GANGABHAI & CO. (P. — online lawyer in Skardu

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COMMISSIONER OF INCOME-TAX versus MAFATLAL GANGABHAI & CO. (P.) LTD.

Business Expense Permit Expenses which result in the benefit, facilities or permits of the employees, whose scope is paid in Section 40 (a) (v) and 40A (5) in cash payments under section 40 (a). (V) and section 40A (5) does not fall under Indian law. Income Tax Act, 1961, Sections 40 and 40A [CITV Common Wealth Trust Limited (1982) 135 ITR 19 (Kerr) Rejected]

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COMMISSIONER OF INCOME-TAX versus MAFATLAL GANGABHAI & CO. (P.) LTD.

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