Sales Tax Refund Addition Disputed: Firm's Income Not to Be Treated as Private Limited Company's Income During Assessment Year.

Sales Tax Refund Addition Disputed: Firm's Income Not to Be Treated as Private Limited Company's Income During Assessment Year. https://www.taxtmi.com/highlights?id=49512 Assessee firm converted into Private Limited Company - Addition on account of Sales Tax refund - Since the assessee firm exist in assessment year under appeal and also declared business income in assessment year under appeal, there was no reason to show the impugned amount as income of Private Limited Company. en-us Fri, 27 Sep 2019 07:59:32 +0530 Fri, 27 Sep 2019 07:59:32 +0530 TaxTMI RSS Generator Sales Tax Refund Addition Disputed: Firm's Income Not to Be Treated as Private Limited Company's Income During Assessment Year. https://www.taxtmi.com/highlights?id=49512 Assessee firm converted into Private Limited Company - Addition on account of Sales Tax refund - Since the assessee firm exist in assessment year under appeal and also declared business income in assessment year under appeal, there was no reason to show the impugned amount as income of Private Limited Company. Highlights Income Tax Fri, 27 Sep 2019 07:59:32 +0530 https://www.taxtmi.com/highlights?id=49512