Disallowance u/s 14A - CIT(A) deleted the suomotu disallowance ...

ITAT Upholds Deletion of Self-Imposed Disallowance u/s 14A; Taxpayer Can Correct Errors Without Revised Return.

July 12, 2019

Case Laws Income Tax HC

Disallowance u/s 14A - CIT(A) deleted the suomotu disallowance made by the assessee and upheld by ITAT - claim that an income not taxable is wrongly offered for tax will not operate as any kind of estoppel against the assessee regardless whether the revised return was filed or not - Revenue is obliged to assess the correct income - suomotu disallowance correctly deleted

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Disallowance u/s 14A - CIT(A) deleted the suomotu disallowance ...

ITAT Upholds Deletion of Self-Imposed Disallowance u/s 14A; Taxpayer Can Correct Errors Without Revised Return.

July 12, 2019

Case Laws Income Tax HC

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