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Assessee said expenditure towards the conversion process payment paid back to take overseas visitors to buy out of assessee

Assessee said expenditure towards the conversion process payment paid back to take overseas visitors to buy out of assessee

Stored one to, AO had not experienced letter registered by the Assessee in which confirmed one matter purchased economic seasons 2008-09

S. 37(1) : Business expenditure – Allowability of (Need to point 37(1)) – provided 15 per cent out-of revenue continues so you’re able to SPV membership, these payment failed to get into sounding penalty.

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