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ITAT deletes concealment penalty on disclosure by assessee about his past income and payment of taxes thereon

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  • ITAT deletes concealment penalty on disclosure by assessee about his past income and payment of taxes thereon
Posted onon February 3, 2014

Tenet Tax Daily January 28 2014

By tenettax-team
Corporate Tax

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Foreign exchange fluctuation loss in derivatives to be considered on last date of accounting year and deductible under section 37(1)
Non-compete fee received under negative covenant is taxable w.e.f. 1-4-2003 only and not retrospectively

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