Tax an 50% of the money forfeited by assessee from the defaulted ...

Officer's Tax Decision on Forfeited Money Lacked Justification Due to Inconsistent Application of Tax Principles.

May 1, 2013

Case Laws Income Tax AT

Tax an 50% of the money forfeited by assessee from the defaulted members - Had AO excluded the amount offered during the year on the same principles in which he brought the balance 50% of the amount to tax, there could have been some justification in the action of AO - AT

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Tax an 50% of the money forfeited by assessee from the defaulted ...

Officer's Tax Decision on Forfeited Money Lacked Justification Due to Inconsistent Application of Tax Principles.

May 1, 2013

Case Laws Income Tax AT

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