Addition u/s 68 - advances received from customers on the ...

Ramnavami Nayakhata Advances Recorded as Sales Not Subject to Double Taxation u/s 68 of Income Tax Act.

February 29, 2020

Case Laws Income Tax AT

Addition u/s 68 - advances received from customers on the occasion of Ramnavami Nayakhata - these advances have subsequently been recorded as sales of the assessee firm - When a receipt is accounted for as income, no separate addition of the same amount as income of the assessee under any other Section of the Act can be made as it would be a double addition. - AT

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Addition u/s 68 - advances received from customers on the ...

Ramnavami Nayakhata Advances Recorded as Sales Not Subject to Double Taxation u/s 68 of Income Tax Act.

February 29, 2020

Case Laws Income Tax AT

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