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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

When an incorrect claim of reduction from book profits of amount ...


Claim of Reduction u/s 80 IC Deemed Apparent Error, Adjustable u/s 143(1) of Income Tax Act.

January 4, 2014

Case Laws     Income Tax     AT

When an incorrect claim of reduction from book profits of amount which the assessee is eligible u/s 80 IC is made, it is an incorrect claim apparent from the record, which can be adjusted u/s 143(1) - AT

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