Wednesday, March 27, 2019

Assessee couldn't challenge taxability of Govt. subsidy if same wasn't raised in entire SetCom proceedings

IT : Where assessee had not raised dispute regarding taxability of Government subsidy, received by it under a Government scheme, during entire settlement proceedings till settlement order was passed, assessee could not urge Commissioner to examine such an issue in exercise of revisional powers

from www.taxmann.com Latest Case Laws https://ift.tt/2uwimhQ
-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

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

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...