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If tax was deducted on bona fide estimate the deductor cannot be treated as assessee-in-default
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Corporate Tax
If tax was deducted on bona fide estimate the deductor cannot be treated as assessee-in-default
Posted on
on
August 19, 2019
Tenet Tax Daily August 19 2019
By
tenettax-team
Corporate Tax
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Admission by partner that sum received from NRI was firm’s own money – Sec. 69A additions valid
Compensation paid in respect of land taken on lease could not be allowed as revenue expenditure without examining terms of the lease agreement – matter remanded
