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Income Tax - Highlights / Catch Notes

Home Highlights May 2023 Year 2023 This

Suppression of receipts - Income from the additional works - ...


Court Rules Income from Additional Works Not Part of Assessee's Turnover Due to Direct Customer Payments to Contractors.

May 6, 2023

Case Laws     Income Tax     AT

Suppression of receipts - Income from the additional works - since the customers have directly made the payments to the contractors for the additional works carried on by them and either the receipts or payments have not been passed through the assessee’s books of account, it cannot be considered as a turnover of the assessee. - AT

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