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ITAT remanded case to examine allowability of development exp. to real estate developer in view of AS-7 and IT Act
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Corporate Tax
ITAT remanded case to examine allowability of development exp. to real estate developer in view of AS-7 and IT Act
Posted on
on
May 9, 2014
Tenet Tax Daily May 09 2014
By
tenettax-team
Corporate Tax
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No stay of demand by ITAT beyond 365 days after insertion of third proviso to sec. 254(2A)
Case remanded to AO for deciding fate of sec. 11 relief after considering nature of receipts and objects of trust
