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Income Tax - Highlights / Catch Notes

Home Highlights December 2016 Year 2016 This

Deduction towards the Central Excise on the basis of provision ...


High Court Allows Central Excise Deduction; Revenue Not Prejudiced Due to Section 41(1) Provision for Taxing Provisional Amounts.

December 14, 2016

Case Laws     Income Tax     HC

Deduction towards the Central Excise on the basis of provision made - matter was under dispute - the revenue will not suffer any prejudice since the department can bring the provisional amount to tax, u/s 41(1) - deduction allowed - HC

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