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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Mismatching of TDS receipts with P&L account - AO has considered ...


AO Miscalculates Taxable Income by Misinterpreting TDS Certificate; Real Income vs. Payment Receipts Needs Clarification.

September 4, 2012

Case Laws     Income Tax     AT

Mismatching of TDS receipts with P&L account - AO has considered the entire payment as per TDS certificate as income and has failed to appreciate what is liable is income, real profit and not payment received by the assessee. - AT

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