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Income Tax - Highlights / Catch Notes

Home Highlights September 2014 Year 2014 This

Pre-operative expenses – Genuineness of expenses proved - AO ...


Assessing Officer Failed to Apply AS-7 for Income, Lacked Justification for Rejecting AS-2 by Assessee.

September 1, 2014

Case Laws     Income Tax     HC

Pre-operative expenses – Genuineness of expenses proved - AO did not follow or apply AS-7 for computing the income and has not commented why AS-2 applied by the assessee was not applicable - HC

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