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Rent Expenditure Review: Appellate Authority Reduces Taxpayer's Claim Addition from 30% to 15%; Recalculation Ordered.
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....Expenditure incurred and payment of rent pertaining to information centers - in the interest of justice, to cover up the possible leakage of revenue the addition confirmed by the CIT(A) i.e. 30% of the total claim of the assessee is reduced to 15% and the AO is directed to recalculate the disallowance accordingly.....
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