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Income Tax - Highlights / Catch Notes

Home Highlights December 2011 Year 2011 This

Future discount on bill purchase - CIT(A) has taken an ...


Future Discount on Bill Purchases Post-March 31, 2000, Not Taxable in Current Year, Confirms Appeal Decision.

December 3, 2011

Case Laws     Income Tax     AT

Future discount on bill purchase - CIT(A) has taken an unexceptionable view in holding that the future discount i.e. the amount of discount pertaining to the period after 31st March, 2000 cannot be charged to tax in this year. - This ground is not allowed..... - AT

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