Diversion of Income vs. Application of Income

There have been lot of issues whether the amount paid in the facts and circumstances of each case is by way of diversion of income at source or application of income and even if there is no diversion of income but by the application of income does the amount expended qualify for deduction as an expenditure in the hands of the assessee?

from taxmann.com News https://ift.tt/3dBdQUJ
via IFTTT

• Tweet
• Share
• Share
• Share
• Share

Sign up here with your email