Monday, July 23, 2018

No reassessment to restrict loss on sale of tea grown to 60% of total loss if there was no disclosure failure

IT: Where assessee, tea trader, disclosed that its sales also included tea grown in own plantation and Assessing Officer allowed entire loss claimed by assessee, reassessment on ground that sixty percent of total loss was to be disallowed was unjustified

from www.taxmann.com Latest Case Laws https://ift.tt/2O5RD4a

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