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Income Tax - Highlights / Catch Notes

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Personal expenses - whether can be taxed in the hands of ...


High Court Upholds ITAT's Remand Order on Personal Expenses Taxation via Franchisee under Sec 2(24)(iv) for HUF.

March 13, 2013

Case Laws     Income Tax     HC

Personal expenses - whether can be taxed in the hands of assessee u/s 2 (24)(iv) as the amount was routed through the franchisee, which was the HUF of the assessee - remand order by ITAT is perfectly justified. - HC

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