Interplay of Section 28(iv) and 41(1) of Income tax Act

Interplay of Section 28(iv) and 41(1) of Income tax Act

November 03, 2020
A controversy existed on the applicability of section 28(iv) and section 41(1). The AO without appreciating the distinction between these two provisions, invoked both the provisions simultaneously hoping that atleast one would be applicable.

from taxmann.com Latest Articles https://ift.tt/3mL9G08
via IFTTT
Next
« Prev Post
Previous
Next Post »
Subscribe to: Post Comments (Atom)

Tally - Auto Entry Utility

Hi guys, For those making year end entries in tally and those having huge volume of entries carrying some frequencies (daily/weekly/month...