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Income Tax - Highlights / Catch Notes

Home Highlights October 2012 Year 2012 This

Disallowance of loss under the head 'income from other sources' ...


High Court Overrules ITAT, Calls for Investigation into Alleged In-Genuine Transaction Under 'Income from Other Sources'.

October 29, 2012

Case Laws     Income Tax     HC

Disallowance of loss under the head 'income from other sources' - In-genuine transaction - ITAT rejected invitation on the ground that it was not an investigating agency & allowed the claim - ITAT is not correct - HC

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