Wednesday, April 24, 2019

Fee paid for registration of products in Iraq couldn't be disallowed by treating it as kickback to Iraqi regime

IT: Where assessee made provision for interest liability which had accrued but not provided for in books of account, same would be deductible under section 36(1)(iii)

from www.taxmann.com Latest Case Laws http://bit.ly/2GCx4uC

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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...