Rent paid in Cash can’t be allowed as Business Expenses without Details: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that in order to get the deduction for rent paid in cash as business expenditure under the Income Tax Act, the assessee needs to produce the details of the premises. The assessee claimed rent expenses of Rs. 54,000/- was paid and claimed as business expenses […]

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