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Income Tax - Highlights / Catch Notes

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Deduction u/s 80IA - More than ordinary profit shown by the ...

Case Laws     Income Tax

April 6, 2021

Deduction u/s 80IA - More than ordinary profit shown by the assessee under section 80IA(10) - Admittedly, in the case on hand the assessee is showing higher amount of profit but question arises whether it is the result of arrangement of the assessee with the party based outside India. If yes, then such an arrangement has to be proved by the AO but the same has not been done so. - AT

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