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Sec. 68 additions confirmed in absence of proof showing creditworthiness of father to give huge cash gift to his son
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Corporate Tax
Sec. 68 additions confirmed in absence of proof showing creditworthiness of father to give huge cash gift to his son
Posted on
on
December 27, 2018
Tenet Tax Daily November 27 2018
By
tenettax-team
Corporate Tax
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Sec. 143(2) notice wasn’t required in case no return was filed in response to sec. 148 notice
Non-compete fee paid to directors to restrain them from engaging in same business was allowable deduction
