https://www.taxtmi.com/highlights?id=55133 Disallowance of the refundable security deposit in computing the assessee’s business income for the year - when the income arising from the transfer is being subject to tax for AY 2010-11, how could a related cost possibly arise for being claimed/allowed in a subsequent year? The same militates against the concept of income (or income computation), which is (to be) at net of all expenditure incurred in relation thereto. - AT en-us Tue, 13 Oct 2020 14:51:48 +0530 Tue, 13 Oct 2020 14:51:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55133 Disallowance of the refundable security deposit in computing the assessee’s business income for the year - when the income arising from the transfer is being subject to tax for AY 2010-11, how could a related cost possibly arise for being claimed/allowed in a subsequent year? The same militates against the concept of income (or income computation), which is (to be) at net of all expenditure incurred in relation thereto. - AT Highlights Income Tax Tue, 13 Oct 2020 14:51:48 +0530 https://www.taxtmi.com/highlights?id=55133