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Sec. 154 had to be invoked when AO had wrongly mentioned agriculture income under the head exp.

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  • Sec. 154 had to be invoked when AO had wrongly mentioned agriculture income under the head exp.
Posted onon February 9, 2015

Tenet Tax Daily February 07 2015

By tenettax-team
Corporate Tax

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Ad-hoc sec. 40(a)(ia) disallowance made as books didn’t show true state of affairs on job charges paid to affiliate
Co. outsourcing major portion of its business to third party couldn’t be taken as comparable for ITES provider

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