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Income Tax - Highlights / Catch Notes

Home Highlights July 2018 Year 2018 This

Additions towards difference in SPF [Special Privilege Fee] paid ...


Reassessment Based on Special Privilege Fee Difference Invalid; Retrospective Government Orders Determine Correct Fee.

July 5, 2018

Case Laws     Income Tax     HC

Additions towards difference in SPF [Special Privilege Fee] paid and admissible - the subsequent Government orders will have to be taken into consideration for arriving at the SPF payable for the said year - to be applicable with retrospective effect - Reopening of assessment is not valid.

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