Chapter VI-A deduction on enhanced profits permitted where business-related disallowances increase taxable profits, deduction admissible accordingly. Chapter VI-A deductions are to be allowed on profits increased by business-related disallowances; disallowances arising from TDS non-compliance, payment-related or other specific disallowances that pertain to the eligible business increase taxable profits, and deduction under Chapter VI-A is admissible on those enhanced profits. The Board directs that appeals opposing this position should not be filed and existing appeals on this ground may be withdrawn or not pressed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Chapter VI-A deduction on enhanced profits permitted where business-related disallowances increase taxable profits, deduction admissible accordingly.
Chapter VI-A deductions are to be allowed on profits increased by business-related disallowances; disallowances arising from TDS non-compliance, payment-related or other specific disallowances that pertain to the eligible business increase taxable profits, and deduction under Chapter VI-A is admissible on those enhanced profits. The Board directs that appeals opposing this position should not be filed and existing appeals on this ground may be withdrawn or not pressed.
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