Taxability of project - relevant assessment year - held that:- ...
Tax Rule: No Claiming Project Expenses in Future Years if Income Already Taxed in Current Year.
April 9, 2012
Case Laws Income Tax AT
Taxability of project - relevant assessment year - held that:- Once the income from the project is taxed, the Assessee will have no occasion to claim expenses relating to that project in a later assessment year. - AT
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