Monday, September 2, 2019

Execution of contract work obtained from Indian Railway couldn't be treated as charitable in nature

INCOME TAX: Execution of a contract by assessee as awarded by Indian Railways for purpose of cleaning train coaches and railway stations is a purely commercial and business activity and not a charitable activity

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

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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...