Charging section for discrepancy between book value and physical ...
ITAT Rules Discrepancies in Capital Work in Progress Not Taxable u/s 69C; Apply Sections 69 to 69B Instead.
August 22, 2018
Case Laws Income Tax HC
Charging section for discrepancy between book value and physical value of capital work in progress- ITAT observed that the same cannot be taxed u/s 69C of the Income Tax Act, but it can be taxed u/s 69 to 69B only - the same has to be added to the income only under Section 69A
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