Wednesday, June 19, 2019

Deposit of rental receipt after removal of co.'s name wouldn't be considered proof of running business

CL: Where against removal of its name from Register of Companies, appellant company, as proof of running business, deposited lease rentals only after RoC removed name of company from register, such subsequent event could not assert running of business or operation

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

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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...