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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

Assessee was receiving on-money in the ordinary course of its ...


Unaccounted Expenditures and On-Money Receipts to Be Considered for Taxable Income Calculation.

December 23, 2014

Case Laws     Income Tax     AT

Assessee was receiving on-money in the ordinary course of its business - even the unaccounted expenditures are also reflected in the seized papers - a reasonable profit should be taxed which is embedded in the total unaccounted gross receipts - AT

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