Misallocation of Expenses May Inflate Parwanoo's Profits, Affecting Deductions u/s 80IB of the Income Tax Act.
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....Apportionment of expenses - revenue has not pointed out any item which has been incurred for Parwanoo business and charged to non-Parwanoo business so as to increase the profit of the Parwanoo business which may result in higher deduction u/s 80IB of the Act - AT....
TaxTMI