Delhi HC affirms Assessee not entitled to Claim Deduction until Liability for which Deduction is Claimed has Accrued [Read Judgment]

The Delhi High Court in the case of Housing and Urban Development Corporation Ltd. vs. Additional Commissioner of Income Tax held that the assessee is not entitled to claim the deduction until the liability for which deduction is claimed is accrued. The appellant was the Public Sector Undertaking  (PSU), who filed his income tax return […]

The post Delhi HC affirms Assessee not entitled to Claim Deduction until Liability for which Deduction is Claimed has Accrued [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2SmIbxp