Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Page of 4786
Press 'Enter' after typing page number.
121 to 140 of 95715 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
AO's findings on unspent funds u/s 11 set aside. Capital fund use for assets, WIP & current assets excluded from Sec 11(2)/(5). Remanded for fresh adjudication.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Assessing Officer's findings regarding accumulated unspent funds u/s 11 were set aside due to lack of audited financial statements and return of income for relevant year. Capital fund utilization for fixed assets, work in progress, and current assets excluded from Section 11(2) read with Section 11(5) investment requirements. Issue remanded to Assessing Officer for fresh adjudication as per law. Appeal allowed for statistical purposes by Income Tax Appellate Tribunal.
Assessing Officer's findings regarding accumulated unspent funds u/s 11 were set aside due to lack of audited financial statements and return of income for relevant year. Capital fund utilization for fixed assets, work in progress, and current assets excluded from Section 11(2) read with Section 11(5) investment requirements. Issue remanded to Assessing Officer for fresh adjudication as per law. Appeal allowed for statistical purposes by Income Tax Appellate Tribunal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4786
Join Channel
TaxTMI 
