Unsubstantiated survey expenditure is disallowed, but partner remuneration must be recomputed on revised book profits, and regular business tax applies instead of section 115BBE.
Unsubstantiated survey expenditure is disallowed, but partner remuneration must be recomputed on revised book profits, and regular business tax applies instead of section 115BBE. Issue There are three distinct core issues in this case: Whether an assessee can claim set-off of construction expenses against income surrendered during a section 133A survey without placing corroborative material… Read More »