In a recent ruling, the Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT )has held that expenses incurred for business are allowable as a deduction until the actual liquidation of firm. Shri Bandish Soparkar & Parin Jain appeared for the appellant and Shri Mukesh Jain appeared for the respondent. Annapurna Polymers Pvt. Ltd,…
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