Wednesday, May 27, 2020

One Turnover cannot be Taxed in the hands of Two Assessees: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that two entities/persons cannot be subject to tax for the same business turnover as the same is against the provisions of the Income Tax Act, 1961. The original assessment completed against the assessee, an individual has been re-opened on the ground that the Investigation Wing […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3c1YQNu

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