Taxable income - Relevant assessment year - if the assessee is ...

Case Laws Income Tax

June 27, 2020

Taxable income - Relevant assessment year - if the assessee is paying tax at the maximum marginal rate for the preceeding year as well as for the year under consideration then it shall have no revenue effect and in case as there is no taxable income for the preceeding year then the said claim of business loss on account of sales return is otherwise eligible for carry forward and is an allowable deduction for the year under consideration.

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Taxable income - Relevant assessment year - if the assessee is ...

Case Laws Income Tax

June 27, 2020

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