Wrong accounting entry - inadvertent mistake, merely an ...

Accounting Error Corrected: Mistake Not Considered Income, No Tax Liability Imposed on Assessee for Advance or Deposit.

May 22, 2013

Case Laws Income Tax AT

Wrong accounting entry - inadvertent mistake, merely an accounting entry which is subsequently corrected and explained cannot fasten the assessee with tax liability by assuming it to be an income whereas in realty the amount was by way of advance/ deposit. - AT

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Wrong accounting entry - inadvertent mistake, merely an ...

Accounting Error Corrected: Mistake Not Considered Income, No Tax Liability Imposed on Assessee for Advance or Deposit.

May 22, 2013

Case Laws Income Tax AT

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