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Income Tax - Highlights / Catch Notes

Home Highlights June 2021 Year 2021 This

Disallowance of deduction claimed in respect of transitional ...

Case Laws     Income Tax

June 4, 2021

Disallowance of deduction claimed in respect of transitional liability - scientific method adopted for ascertaining the transitional liability of Home Travel Concession (HTC) and Leave Fare Concession (LFC), Silver Jubilee Awards and Re settlement expenses - The Tribunal has affirmed the findings of the Commissioner of Income Tax (Appeals) in a cryptic and cavalier manner. - Deduction allowed - HC

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