Disallowance of unaccounted business transactions
Last updated: 29 July 2007
Court :
High Court
Brief :
a:
Citation :
Even in the case of an illegal business, Section 40A(3) would come into play and the taxable total income has to be computed in accordance with the I-T Act.
Daily Limit Reached
You have reached your daily limit of 2 Free Judgements
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited Judgements Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
Buy CCI PRO Now
Already a PRO member? Login here for an ad-free experience.
CA Nikita
Published in Income Tax
Views : 438
Comments
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
