Determination of income - manufacture of tea out of green leaf - ...

Court Overturns Disallowance of Expenses in Tea Manufacturing Income Case, Citing Distorted Profit Figures u/r 8D.

July 18, 2015

Case Laws Income Tax AT

Determination of income - manufacture of tea out of green leaf - Disallowance made on account of bifurcation of expenses by application of Rule 8D - CIT(A) deleted addition - the formula adopted by the AO gives distorted figures for profit made out of the assessee’s own leaf and bought leaf - AT

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Determination of income - manufacture of tea out of green leaf - ...

Court Overturns Disallowance of Expenses in Tea Manufacturing Income Case, Citing Distorted Profit Figures u/r 8D.

July 18, 2015

Case Laws Income Tax AT

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