Disallowance of expenditure - The method followed by the ...

Taxpayer's Double Deduction of Expenses Disallowed for Claiming Same Costs Twice in Different Years.

January 4, 2017

Case Laws Income Tax AT

Disallowance of expenditure - The method followed by the assessee in the instant case amounts to claiming of the expenditure twice, i.e. in the year when the assessee has debited such expenses to the cost of the flats as there was no profit and again during the impugned assessment year when there is profit. This definitely amounts to double deduction - AT

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Disallowance of expenditure - The method followed by the ...

Taxpayer's Double Deduction of Expenses Disallowed for Claiming Same Costs Twice in Different Years.

January 4, 2017

Case Laws Income Tax AT

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