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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Disallowance of Discount on sale of flat - Allowable business ...


Discount on Flat Sales Recognized as Legitimate Business Expense; Revenue Authorities Cannot Limit Discounts Given to Customers.

December 21, 2018

Case Laws     Income Tax     AT

Disallowance of Discount on sale of flat - Allowable business expenditure - Revenue cannot sit on the arm chair of the business-men and decide how much expenses should be incurred or how much discount should be offered to the customer.

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