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Income Tax - Highlights / Catch Notes

Home Highlights April 2017 Year 2017 This

Wrong figure of disallowance under partnership remuneration - ...


Tax Authorities Must Assess Actual Income, Avoid Exploiting Taxpayer Mistakes in Partnership Remuneration Cases.

April 10, 2017

Case Laws     Income Tax     AT

Wrong figure of disallowance under partnership remuneration - revenue cannot take undue advantage of the ignorance of the assessee or genuine mistake committed by the assessee and is always duty bound to assess only the real income of the assessee - AT

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