Disallowance of expenditure - The method followed by the ...

Income Tax

January 4, 2017

Disallowance of expenditure - The method followed by the assessee in the instant case amounts to claiming of the expenditure twice, i.e. in the year when the assessee has debited such expenses to the cost of the flats as there was no profit and again during the impugned assessment year when there is profit. This definitely amounts to double deduction - AT

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Disallowance of expenditure - The method followed by the ...

Income Tax

January 4, 2017

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