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Income Tax - Highlights / Catch Notes

Home Highlights August 2016 Year 2016 This

Disallowance u/s.40A(2)(b) being paid by the assessee to the ...


High Court Rules No Additions Needed for Payments u/s 40A(2)(b), Transactions Properly Managed by Assessee.

August 22, 2016

Case Laws     Income Tax     HC

Disallowance u/s.40A(2)(b) being paid by the assessee to the Excise Department on behalf of its sister concern - The assessee route collection and payment of excise duty through its trading and profit and account - No additions - HC

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