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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Povision created on account of unidentified Motor Third Party ...


Unidentified Motor Third Party claims not subject to addition under Income Tax Act section 115JB(2) Explanation 1(c).

January 18, 2014

Case Laws     Income Tax     AT

Povision created on account of unidentified Motor Third Party claim will not fall under sub-section 115JB(2) Explanation 1(c) - No addition is required to be made while computing the tax liability u/s 115JB - AT

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