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Income Tax - Highlights / Catch Notes

Home Highlights June 2016 Year 2016 This

Addition on account of expenses claimed against income received ...


Assessee Must Provide Evidence to Offset BCCI Income Expenses Against Other Sources, Says Tax Authority.

June 24, 2016

Case Laws     Income Tax     AT

Addition on account of expenses claimed against income received from the BCCI - Since the assessee himself has claimed certain income earned from other sources and claimed set off of expenditure incurred for earning such income, it was incumbent upon the assessee to furnish supporting evidence qua its claim for expenditure. - AT

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