Court Rules Against Additional Disallowances to Prevent Double Taxation of Cash Expenses Already Disallowed by Assessee.

Court Rules Against Additional Disallowances to Prevent Double Taxation of Cash Expenses Already Disallowed by Assessee. https://www.taxtmi.com/highlights?id=54470 Disallowances of expenditure - Assessee itself has disallowed major part of cash expenses as unaccounted. There would be no justification for making further addition, which evidently would lead to double taxation. - AT en-us Tue, 25 Aug 2020 17:25:53 +0530 Tue, 25 Aug 2020 17:25:53 +0530 TaxTMI RSS Generator Court Rules Against Additional Disallowances to Prevent Double Taxation of Cash Expenses Already Disallowed by Assessee. https://www.taxtmi.com/highlights?id=54470 Disallowances of expenditure - Assessee itself has disallowed major part of cash expenses as unaccounted. There would be no justification for making further addition, which evidently would lead to double taxation. - AT Highlights Income Tax Tue, 25 Aug 2020 17:25:53 +0530 https://www.taxtmi.com/highlights?id=54470