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Income Tax - Highlights / Catch Notes

Home Highlights April 2017 Year 2017 This

Nature of Land - assessee has erred in disclosing the land ...


Software Park Land Error in Financial Statements Deemed Insignificant Under Income-tax Act Interpretation.

April 8, 2017

Case Laws     Income Tax     HC

Nature of Land - assessee has erred in disclosing the land earmarked for promoting software park in the financial system of stock-in-trade - it is genuine mistake of the assessee in recording the financial statements cannot be seriously viewed in interpreting the provisions of the Income-tax Act. - HC

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