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Income Tax - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

Disallowance of expenses as business not set up - the assessee ...


Expenses Disallowed Before Business Setup Due to Late Licence Approval by Insurance Authority.

February 12, 2020

Case Laws     Income Tax     AT

Disallowance of expenses as business not set up - the assessee has applied for grant of Direct Broker Licence to the Insurance Regulatory and Development Authority on 01.12.2010 which was granted to the assessee only in February, 2012 - Additions confirmed.

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