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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

If unaccounted production was taxed and on the other hand, ...


Tax Strategy: Deduct Unaccounted Purchases from Unaccounted Production for Accurate Taxation.

September 26, 2013

Case Laws     Income Tax     HC

If unaccounted production was taxed and on the other hand, unaccounted purchase are also taxed, then the correct position should have been that the unaccounted purchases, alleged to have been utilized for the said production, ought to have been reduced from the unaccounted production - HC

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