2 results for “disallowance”+ Section 195(2)clear
Sorted by relevance
2 of 3 accordingly directed the AO to make the assessment de novo other than the issue of disallowance of expenditure of Rs.1344,63,25,000/- under Section 40(a)(ia) of the Act. According to the CIT, the aforementioned sum claimed as expenditure towards import value of machinery, spares and raw materials and charged to the P&L account