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Time-limit to rectify mistake under sec. 154 could go beyond 6 months but on merits; HC considers CBDT’s circular
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Corporate Tax
Time-limit to rectify mistake under sec. 154 could go beyond 6 months but on merits; HC considers CBDT’s circular
Posted on
on
October 28, 2014
Tenet Tax Daily October 20 2014
By
tenettax-team
Corporate Tax
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Market research exp. incurred by trader was in nature of revenue exp., says ITAT
Deductor couldn’t be treated as an assessee-in-default if deductee was not liable to pay taxes due to losses
