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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Claim of deductions against escaped income - where the claims ...


Taxpayer Deductions Limited: Claims Can Only Reduce Income to Original Assessment Amount in Re-assessment Proceedings.

August 29, 2015

Case Laws     Income Tax     AT

Claim of deductions against escaped income - where the claims of the assessee durng the course of re-assessment proceedings relating to the escaped income are accepted, still the allowance of such claims has to be limited to the extent to which they reduce the income to that originally assessed - AT

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