Real income - Addition on account of advances received from ...

Court to Decide on Taxability of Advances Forwarded to Supplier; Potential Refunds to Customers if Ruled Favorably.

July 21, 2017

Case Laws Income Tax AT

Real income - Addition on account of advances received from customers which have been transmitted to the supplier - final judgement from the courts were pending - If the Courts decides the issue in favour of the assessee, then the assessee would have to return this amount to customers. - Not taxable as no real income arose.

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Real income - Addition on account of advances received from ...

Court to Decide on Taxability of Advances Forwarded to Supplier; Potential Refunds to Customers if Ruled Favorably.

July 21, 2017

Case Laws Income Tax AT

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