Addition u/s 41 - amount shown as 'advance against export' ...

Court Rules Section 41(1) Inapplicable for Long-Standing 'Advance Against Export' if Liability is Acknowledged.

February 13, 2017

Case Laws Income Tax HC

Addition u/s 41 - amount shown as 'advance against export' outstanding since 1997 - Liability for a period of more than 10 years - Section 41(1) cannot be applied so long as the liability is acknowledged - HC

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Addition u/s 41 - amount shown as 'advance against export' ...

Court Rules Section 41(1) Inapplicable for Long-Standing 'Advance Against Export' if Liability is Acknowledged.

February 13, 2017

Case Laws Income Tax HC

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