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No reassessment by AO on change of opinion that profit from share dealings was taxable as business income
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Corporate Tax
No reassessment by AO on change of opinion that profit from share dealings was taxable as business income
Posted on
on
August 13, 2015
Tenet Tax Daily August 13 2015
By
tenettax-team
Corporate Tax
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AO couldn’t proceed with reassessment without disposing of objections of assessee which went to root of matter
Discount allowed to distributors on starter packs and recharge coupons for prepaid mobile service qualifies as commission and TDS should be deducted under section 194H
