Disallowance of expense
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 December 2018
What is the effect of disallowance of expense in a loss return
16 December 2018
The loss will decrease to the extent of disallowance of the expense and may even turn into profit due to a higher amount of disallowance.
16 December 2018
Penalty can be initiated per 271(1)(c) explanation 4(b).
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