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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Application of principle of mutuality – Transactions with ...


Section 44C: Mutuality Principle Applied in Non-Member Transactions, Income Estimated at 5% of Gross Receipts by CIT(A.

January 25, 2014

Case Laws     Income Tax     AT

Application of principle of mutuality – Transactions with non-members Reimbursement of cost to income – Application of section 44C - CIT(A) was more than justified in estimating the income at 5% of the gross receipts from non-members - AT

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