Sale of assets - for each asset which is sold the Assessing ...

Assessing Officer Needs Asset Details to Apply Section 41(2) of Income Tax Act for Asset Sale.

February 6, 2015

Case Laws Income Tax HC

Sale of assets - for each asset which is sold the Assessing Officer must have with him the actual cost, WDV and the sale consideration. In absence of the same, Section 41(2) of the Act cannot be applied. - HC

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Sale of assets - for each asset which is sold the Assessing ...

Assessing Officer Needs Asset Details to Apply Section 41(2) of Income Tax Act for Asset Sale.

February 6, 2015

Case Laws Income Tax HC

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