Friday, June 15, 2018

Sales return was to be reduced from total income while computing sec. 10A deductions: HC

IT: Effect of sales return would result into reduction in profit qualifying for deduction under section 10A; Assessing Officer has to allow corresponding reduction in total income also

from www.taxmann.com Latest Case Laws https://ift.tt/2JTzK9G

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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