Dis-allowance u/s 40A(2) - assessee has not discharged its ...

Court Upholds Disallowance u/s 40A(2) Due to Assessee's Failure to Prove Exclusive Business Use of Funds.

July 5, 2012

Case Laws Income Tax AT

Dis-allowance u/s 40A(2) - assessee has not discharged its primary onus to prove that entire interest-bearing funds including partners’ capital account were entirely used for the purposes of the business. - AT

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Dis-allowance u/s 40A(2) - assessee has not discharged its ...

Court Upholds Disallowance u/s 40A(2) Due to Assessee's Failure to Prove Exclusive Business Use of Funds.

July 5, 2012

Case Laws Income Tax AT

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