Allowable busniss expenses - Diversion of income - Though the ...

Income Tax

March 1, 2018

Allowable busniss expenses - Diversion of income - Though the amount has been received by the assessee, the same is collected on behalf of the joint venture - It is the settled law that the accounting entries are not determinative of the actual nature of the transaction; it is the substance that prevails. - AT

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Allowable busniss expenses - Diversion of income - Though the ...

Income Tax

March 1, 2018

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