Assessee Company Fails to Avoid Tax Liability with Bogus Expenditure Claim; Addressed u/s 263.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Revision u/s 263 - when assessee company made a bogus claim of expenditure then the assessee cannot avail immunity from tax liability by stating that the impugned amount of expenditure claim has been taxed in the hands of respective payee companies. - AT....




TaxTMI
TaxTMI