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Income Tax - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

The assessee can change its stand at any point of time if it ...


Assessees can change their stance on receipt taxability at Tribunal if all facts are documented.

November 3, 2018

Case Laws     Income Tax     AT

The assessee can change its stand at any point of time if it seems to him that the receipts are not taxable in his hand as per the provisions of law. - Assessee may raise that question before the Tribunal for the first time, so long as the relevant facts are on record in respect of that item.

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