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Income Tax - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

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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