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Income Tax - Highlights / Catch Notes

Home Highlights February 2018 Year 2018 This

Provision for doubtful overdue installments under hire purchase ...


High Court Rules Against Disallowing Deduction for Doubtful Installments Without Opportunity to Substantiate Claim u/s 143(1)(a).

February 28, 2018

Case Laws     Income Tax     HC

Provision for doubtful overdue installments under hire purchase finance agreements - the party to be given an opportunity to establish its claim - adjustment by way of disallowing deduction by intimation u/s 143(1)(a) is not proper - HC

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