Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Exemption u/s 11 - Application of income - amount is shown under the heading “sundry debtors” but no capital expenditure was incurred as stated by the assessee - since the assessee has neither expended the money during the relevant assessment year nor filed Form-10 within the due date prescribed U/s. 139(1) of the Act, the exemption claimed by the assessee is not valid in law - AT
Exemption u/s 11 - Application of income - amount is shown under the heading “sundry debtors” but no capital expenditure was incurred as stated by the assessee - since the assessee has neither expended the money during the relevant assessment year nor filed Form-10 within the due date prescribed U/s. 139(1) of the Act, the exemption claimed by the assessee is not valid in law - AT
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