Balancing Charge u/s 41(2)
Last updated: 07 July 2008
Court :
Brief :
Case Fact: Whether the entire sales proceeds of asset can be treated as the profit chargeable to tax in case the written down value of the asset sold was not ascertainable.
Citation :
C.I.T Vs. J.K.Cotton Spinning And Weaving Mills Pvt.Ltd.
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CA. A. Kumar
Published in Income Tax
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