INCOME TAX : Where assessee company had made provision towards warranty of certain amount based on methodology adopted by company from whom it had taken over business and said company had substantial experience in such business and said provision was made based on machine months which was a scientific method, impugned provision towards warranty was to be allowed
from www.taxmann.com Latest Case Laws https://ift.tt/3vQm2Jg
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...
-
In order to provide more avenues for transacting in mutual fund units, the SEBI has issued discussion paper on ‘Usage of pool accounts in Mu...
-
IT : Where during search conducted upon premises of assessee's cousin, key belonging to assessee's locker was found and search warra...
-
2018 Witnesses Highest FPI Registrations in Four Years from taxmann.com News http://bit.ly/2V8m1i1
No comments:
Post a Comment