Salaries were not reflected in the profit and loss account - if ...

High Court Ruling: Unrecorded Salaries in Profit and Loss Account Can Nullify Deduction Claims for Assessees.

March 2, 2016

Case Laws Income Tax HC

Salaries were not reflected in the profit and loss account - if an assessee under some misapprehension or mistake fails to make an entry in the books of account and although under the law, a deduction must be allowed by the Income Tax Officer, the assessee will lose the right of claiming or will be debarred from being allowed that deduction - HC

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Salaries were not reflected in the profit and loss account - if ...

High Court Ruling: Unrecorded Salaries in Profit and Loss Account Can Nullify Deduction Claims for Assessees.

March 2, 2016

Case Laws Income Tax HC

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