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Income Tax - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Surrender of Sale (income) - whether unaccounted sundry debtors ...


Unaccounted Sundry Debtors Must Be Included in Surrendered Sale for Income Tax; Separation by Assessing Officer Unjustified.

August 24, 2013

Case Laws     Income Tax     AT

Surrender of Sale (income) - whether unaccounted sundry debtors are part of surrendered sale - Held yes - Assessing Officer was not justified in splitting this particular asset on the basis of seized material - AT

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