Home Direct Taxation SECTION 40A(3): BUSINESS DIS- ALLOWANCE -CAN NOT BE MADE SECTION 40A(3): BUSINESS DIS- ALLOWANCE -CAN NOT BE MADE The Madhya Pradesh High Court has held that once net profit rate is applied to compute income, there is no scope of disallowance u/s 40A(3). Facebook Twitter Google+ Stumble Digg
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