Additions on the basis of credit entry in P&L Account – Excise ...

Excise Credit Entry in Profit and Loss Account Deemed Non-Taxable Due to Lack of Actual Income Accrual.

April 7, 2014

Case Laws Income Tax HC

Additions on the basis of credit entry in P&L Account – Excise credit - in order to impress the bankers and to please the shareholders the aforesaid entry was passed into the profit and loss account - Since income not accrued, not taxable - HC

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Additions on the basis of credit entry in P&L Account – Excise ...

Excise Credit Entry in Profit and Loss Account Deemed Non-Taxable Due to Lack of Actual Income Accrual.

April 7, 2014

Case Laws Income Tax HC

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