Valuation of stock - Section 145A cannot be applied in a ...

Section 145A Requires Consistent Application to All Transactions to Prevent Distorted Taxable Income Under Income Tax Act.

December 15, 2015

Case Laws Income Tax AT

Valuation of stock - Section 145A cannot be applied in a piecemeal and ad-hoc manner to a few handful chosen and selected transactions as is done by the revenue in the instant case which will lead to distortion of income chargeable to tax which is not permissible under the Act. - AT

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Valuation of stock - Section 145A cannot be applied in a ...

Section 145A Requires Consistent Application to All Transactions to Prevent Distorted Taxable Income Under Income Tax Act.

December 15, 2015

Case Laws Income Tax AT

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