Power of CIT(A) to allow set off of the losses during the course ...

Supreme Court: CIT(A) Can Allow Loss Set-Off via Revised Computation, Not Restricted by Section 139(5) Revised Return Rule.

August 5, 2019

Case Laws Income Tax AT

Power of CIT(A) to allow set off of the losses during the course of assessment proceedings by way of revised computation instead of revised return u/s 139(5) - Supreme court decision restrict power of the assessing authority to entertain a claim for deduction otherwise than by a revised return and did not impinge on the powers of the appellate authority - CIT(A) rightly allowed the claim

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Power of CIT(A) to allow set off of the losses during the course ...

Supreme Court: CIT(A) Can Allow Loss Set-Off via Revised Computation, Not Restricted by Section 139(5) Revised Return Rule.

August 5, 2019

Case Laws Income Tax AT

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