HC accepts cash method of accounting in respect of money retained by customers for fulfilment of warranty
IT : Where assessee was consistently following system of accounting of crediting MONEY
retained by customers from sale proceeds as and when received and Assessing Officer accepted such method in earlier years, there was no need to disturb method of accounting followed by assessee
retained by customers from sale proceeds as and when received and Assessing Officer accepted such method in earlier years, there was no need to disturb method of accounting followed by assesseeIT : If there was sufficient surplus fund at assessee's disposal for making any INVESTMENT and no nexus was established with expenditure incurred for earning exempt income, no disallowance could be made under section 14A
and no nexus was established with expenditure incurred for earning exempt income, no disallowance could be made under section 14ARegards
Prarthana Jalan
__._,_.___
Posted by: Prarthana Jalan <prarthanajalan@ymail.com>
receive alert on mobile, subscribe to SMS Channel named "aaykarbhavan"
[COST FREE]
SEND "on aaykarbhavan" TO 9870807070 FROM YOUR MOBILE.
To receive the mails from this group send message to aaykarbhavan-subscribe@yahoogroups.com
No comments:
Post a Comment