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Income Tax - Highlights / Catch Notes

Home Highlights May 2018 Year 2018 This

Claim of exempt profit from SNA RCC (JV) - The assessee’s name ...

Income Tax

May 4, 2018

Claim of exempt profit from SNA RCC (JV) - The assessee’s name does not figure as a member of the AOP in the Audit Report. The action of the authorities below in disallowing the share of the profit of the AOP claimed by the assessee is correct. - AT

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  10. Provisions of section 194C are not attracted in the case of payments made by the Joint Venture to its constituent members - Relied upon KCEL-MEIL (JV) [2015 (1) TMI 744...

 

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