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Exp. incurred on abandoned projects is allowable under sec. 37(1)
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Corporate Tax
Exp. incurred on abandoned projects is allowable under sec. 37(1)
Posted on
on
November 11, 2014
Tenet Tax Daily November 08 2014
By
tenettax-team
Corporate Tax
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Provisions of section 115A(1)(b)(AA) do not debar assessee to entre into new agreement after change of situation resulting in reduced rate of royalty
ITAT directs re-adjudication of case as TPO had allowed less then 4 working days to assessee to respond
