ITAT Rules Discrepancies in Capital Work in Progress Not Taxable u/s 69C; Apply Sections 69 to 69B Instead.

ITAT Rules Discrepancies in Capital Work in Progress Not Taxable u/s 69C; Apply Sections 69 to 69B Instead. https://www.taxtmi.com/highlights?id=40988 Charging section for discrepancy between book value and physical value of capital work in progress- ITAT observed that the same cannot be taxed u/s 69C of the Income Tax Act, but it can be taxed u/s 69 to 69B only - the same has to be added to the income only under Section 69A en-us Wed, 22 Aug 2018 12:09:46 +0530 Wed, 22 Aug 2018 12:09:46 +0530 TaxTMI RSS Generator ITAT Rules Discrepancies in Capital Work in Progress Not Taxable u/s 69C; Apply Sections 69 to 69B Instead. https://www.taxtmi.com/highlights?id=40988 Charging section for discrepancy between book value and physical value of capital work in progress- ITAT observed that the same cannot be taxed u/s 69C of the Income Tax Act, but it can be taxed u/s 69 to 69B only - the same has to be added to the income only under Section 69A Highlights Income Tax Wed, 22 Aug 2018 12:09:46 +0530 https://www.taxtmi.com/highlights?id=40988