https://www.taxtmi.com/acts?id=19843 Definition of business relationship confines the term to transactions entered into for a commercial purpose but excludes: professional services lawfully rendered by an auditor or audit firm under company and chartered accountant legislation and rules; and commercial transactions at arm's length in the ordinary course of the company's business-such as routine purchases by auditors acting as customers from sectors like telecommunications, airlines, hospitals and hotels. en-us Fri, 03 Jul 2015 16:43:34 +0530 Sat, 16 Oct 2021 14:53:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19843 Definition of business relationship confines the term to transactions entered into for a commercial purpose but excludes: professional services lawfully rendered by an auditor or audit firm under company and chartered accountant legislation and rules; and commercial transactions at arm's length in the ordinary course of the company's business-such as routine purchases by auditors acting as customers from sectors like telecommunications, airlines, hospitals and hotels. Act-Rules Income Tax Fri, 03 Jul 2015 16:43:34 +0530 https://www.taxtmi.com/acts?id=19843