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Income Tax - Highlights / Catch Notes

Home Highlights September 2019 Year 2019 This

Assessee firm converted into Private Limited Company - Addition ...


Sales Tax Refund Addition Disputed: Firm's Income Not to Be Treated as Private Limited Company's Income During Assessment Year.

September 27, 2019

Case Laws     Income Tax     AT

Assessee firm converted into Private Limited Company - Addition on account of Sales Tax refund - Since the assessee firm exist in assessment year under appeal and also declared business income in assessment year under appeal, there was no reason to show the impugned amount as income of Private Limited Company.

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