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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Apportionment of expenses - revenue has not pointed out any item ...


Misallocation of Expenses May Inflate Parwanoo's Profits, Affecting Deductions u/s 80IB of the Income Tax Act.

March 10, 2015

Case Laws     Income Tax     AT

Apportionment of expenses - revenue has not pointed out any item which has been incurred for Parwanoo business and charged to non-Parwanoo business so as to increase the profit of the Parwanoo business which may result in higher deduction u/s 80IB of the Act - AT

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