Saturday, March 2, 2019

Filing of revised return for re-computation of deduction claimed under section 10A permissible: HC

IT : Where assessee had filed a revised computation of income making suo motu disallowance and allowance of certain amounts from business income which resulted in revised computation of exemption claimed under section 10A, since it was not a case where any new claim for exemption under section 10A was made and there was merely recomputation of claim already made by assessee, such revised computation was to be accepted

from www.taxmann.com Latest Case Laws https://ift.tt/2IO3l4V

No comments:

Post a Comment

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...