Allowable business expenditure u/s 37 - AO was in error in ...

AO Misclassifies Marketing Expenses as WIP, Ignoring ICAI Guidance; CIT(A) & ITAT Correctly Apply, No Substantial Law Issue.

May 18, 2019

Case Laws Income Tax HC

Allowable business expenditure u/s 37 - AO was in error in taking all the selling and market expenses to WIP ignoring the guidance note of ICAI as regards accounts of real estate transactions - both by the CIT (A) as well as the ITAT has been correctly applied guidance note of the ICAI - No substantial question of law arises

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Allowable business expenditure u/s 37 - AO was in error in ...

AO Misclassifies Marketing Expenses as WIP, Ignoring ICAI Guidance; CIT(A) & ITAT Correctly Apply, No Substantial Law Issue.

May 18, 2019

Case Laws Income Tax HC

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