There is no merit in the action of AO for bringing tax net ...

Taxing Unapproved Flat Advance Is Unjustified; Income Declared Post-Approval Can't Be Taxed Twice.

April 21, 2017

Case Laws Income Tax AT

There is no merit in the action of AO for bringing tax net advance amount received in respect of flat for which no permission was there for construction. Moreover, assessee itself has offered the said amount in the subsequent year when the plan was approved; there is no reason to tax the very same income double - AT

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There is no merit in the action of AO for bringing tax net ...

Taxing Unapproved Flat Advance Is Unjustified; Income Declared Post-Approval Can't Be Taxed Twice.

April 21, 2017

Case Laws Income Tax AT

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