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Income Tax - Highlights / Catch Notes

Home Highlights January 2016 Year 2016 This

Application of income in the computation of total income of ...


Repayment of "Ways and Means Loan" for 2004-05 Recognized as Income Application u/s 11 of Income Tax Act.

January 27, 2016

Case Laws     Income Tax     AT

Application of income in the computation of total income of assessee u/s. 11 - claim of assessee in respect to repayment of 'ways and means loan', borrowed during assessment year 2004-05 and wholly and exclusively used for its objects, as an application of income in the computation of total income of assessee u/s. 11 allowed - AT

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