Penalty on income from bad debts recovered - the assessee has to ...

Income Tax

November 19, 2016

Penalty on income from bad debts recovered - the assessee has to offer the same to tax in the year in which the recovery is made. Since the assessee has failed to do, in violation of the mandated provisions of law, levy of penalty confirmed - AT

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Penalty on income from bad debts recovered - the assessee has to ...

Income Tax

November 19, 2016

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