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Income Tax - Highlights / Catch Notes

Home Highlights June 2018 Year 2018 This

Addition in respect to labour expenses and piece work charges - ...


Court Allows Claim for Labor Expenses Despite Concerns About Cash Payments; Profits Exceeded Previous Year's Figures.

June 13, 2018

Case Laws     Income Tax     AT

Addition in respect to labour expenses and piece work charges - adhoc estimated addition - genuineness of labour expenses - cash payments - Assessee's profits have not been rejected. The profit shown by the assessee during the current year is better than that disclosed in earlier year. - Claim of expenses allowed.

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