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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Fresh claim of business expenses in return u/s 153A - because of ...

Income Tax

August 28, 2019

Fresh claim of business expenses in return u/s 153A - because of disallowing the original claim of deferred revenue expenses the assessee has rightly raised the alternate claim of expenses incurred during the year under consideration for the first time under 153A proceedings as the provisions applicable in return filed u/s 139(1) would also continue to apply in the case of a return filed u/s 153A - duly allowable

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