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Income Tax - Highlights / Catch Notes

Home Highlights November 2017 Year 2017 This

Allowable expenditure - Withheld price / additional price paid ...


Court Challenges Tax Evasion Claims on Milk Payments; Equity and Trust Contributions May Be Legitimate Business Expenses.

November 25, 2017

Case Laws     Income Tax     AT

Allowable expenditure - Withheld price / additional price paid to the milk producers for procuring milk - AO is not correct in observing the same as tax evasion device in payment "withheld price" through equity allotment partly and through contribution to trust partly - AT

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