Reassessment was justified as assessee claimed deduction for bid loss on chit twice

INCOME TAX : Where assessee claimed deduction on account of bid loss on chit twice, one in profit and loss account and second in memo of computation of income during relevant assessment year, reassessment proceeding to disallow excess claim of loss was properINCOME TAX : Where assessee claimed deduction on account of bid loss on chit twice, one in profit and loss account and second in memo of computation of income during relevant assessment year, reassessment proceeding to disallow excess claim of loss was properwww.taxmann.com Latest Case LawsRead More

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