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Income Tax - Highlights / Catch Notes

Home Highlights August 2016 Year 2016 This

Leakage of revenue - Any disallowance should be specific and ...


Revenue Disallowances Must Be Specific and Quantified, Not Presumptive or Ad-Hoc, to Prevent Unjustified Additions.

August 9, 2016

Case Laws     Income Tax     AT

Leakage of revenue - Any disallowance should be specific and properly quantified - presumptive and ad-hoc addition based on an outlandish consideration of plugging possible leakage or revenue deleted - AT

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