Low Tax Effect - where returned / computed income is negative - ...
Negative Income Appeals Revived Before Income Tax Appellate Tribunal; Not Dismissed as Academic Despite Returned Negative Income.
October 18, 2013
Case Laws Income Tax HC
Low Tax Effect - where returned / computed income is negative - Merely on the ground that even if the Assessing Officer's order is restored, the net result would be a negative income, the issue cannot be treated to be one of academic interest - Appeals restored before ITAT - HC
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