CIT Deletes Jewellery Auction Surplus from Assessee's Income, Recognizes It as Returnable to Borrowers, Not Taxable Income.

CIT Deletes Jewellery Auction Surplus from Assessee's Income, Recognizes It as Returnable to Borrowers, Not Taxable Income. https://www.taxtmi.com/highlights?id=22806 Addition of surplus amount received by the assessee from jewellery auction - claimed to be returnable to the concerned borrowers - CIT has rightly deleted the addition arising from surplus of jewellery auction - AT en-us Mon, 04 May 2015 07:43:07 +0530 Mon, 04 May 2015 07:43:07 +0530 TaxTMI RSS Generator CIT Deletes Jewellery Auction Surplus from Assessee's Income, Recognizes It as Returnable to Borrowers, Not Taxable Income. https://www.taxtmi.com/highlights?id=22806 Addition of surplus amount received by the assessee from jewellery auction - claimed to be returnable to the concerned borrowers - CIT has rightly deleted the addition arising from surplus of jewellery auction - AT Highlights Income Tax Mon, 04 May 2015 07:43:07 +0530 https://www.taxtmi.com/highlights?id=22806