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Income Tax - Highlights / Catch Notes

Home Highlights August 2017 Year 2017 This

Taxation on actual income received - assessee had received only ...


Court Rules Tax Based on Actual Income, Not Gross Invoice Value; Assessee Received Only 95% of Invoice Price.

August 21, 2017

Case Laws     Income Tax     HC

Taxation on actual income received - assessee had received only 95% of the invoice price - despite the contentions raised regarding the doubtful existence of the agent, the assessee having received only 95% of the gross value, could have been taxed, only for what it had actually received. - HC

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