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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Receipts not shown by the assessee - even if the receipts as per ...


Taxpayer's Undisclosed Receipts Must Consider Expenses to Avoid Additional Taxable Income.

March 20, 2015

Case Laws     Income Tax     AT

Receipts not shown by the assessee - even if the receipts as per TDS certificate are to be considered as income of the assessee then the payment made by the assessee has to be allowed as expenses and it will not result in addition in the hands of the assessee - AT

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