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Quarrying Business Expenses

2020-4-16The assessee is engaged in the business of quarrying, processingselling exporting of a granite block and slabs. During the course of scrutiny proceedings, the AO noticed that the assessee has incurred following expenses by way of cash. 1 Royalty and Quarry Expenses by cash on daily basis Rs.11,86,318-2 Royalty expenses of Rs.1,61,51,863-.

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