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Income Tax - Highlights / Catch Notes

Home Highlights March 2021 Year 2021 This

Disallowance of Stale Cheque - As perused the assessment order. ...

Income Tax

March 25, 2021

Disallowance of Stale Cheque - As perused the assessment order. The assessee is a public sector company, audited by C&AG. The assessee has been following regular system of crediting stale cheques back to the accounts as and when it thinks that the liability has ceased to exist. - the additions could not have been made in the current year. - AT

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