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Mere shortage in jewellery found during survey wouldn’t be deemed as undisclosed investment by jeweller
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Corporate Tax
Mere shortage in jewellery found during survey wouldn’t be deemed as undisclosed investment by jeweller
Posted on
on
December 29, 2014
Tenet Tax Daily December 29 2014
By
tenettax-team
Corporate Tax
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No TDS disallowance on payment of taxes by payee; proviso to sec. 40(a)(ia) effective prospectively from 1.4.2013
Once source of deposit in bank account is explained, subsequent withdrawal thereof need not be explained