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CIT was justified in penalty order if disallowance relating to ‘head office exp.’ was set-aside by ITAT
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CIT was justified in penalty order if disallowance relating to ‘head office exp.’ was set-aside by ITAT
Posted on
on
July 20, 2017
Tenet Tax Daily July 15 2017
By
tenettax-team
Corporate Tax
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AO couldn’t reject books of account if assessee proved that profits decreased due to increase in cost of materials
HC quashed reassessment as it was made without issuing notice under section 143(2)
