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Disallowance of expenditure having regard to fair market value
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.... SPECIAL PROVISIONS RELATING TO AVOIDANCE OF TAX Disallowance of expenditure having regard to fair market value. 115. (1) A person shall not be allowed a deduction under this Code in resp....
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....re is excessive, or unreasonable, having regard toβ (i) the fair market value of the goods, services or facilities for whi....
TaxTMI