Cash discount given by assessee to its customers for purchasing goods in bulk quantity was in nature of discount in transaction of sale and, therefore, section 194H had no application to said transaction
Expenses claimed by assessee on account of cost incurred by it on repairs of goods which were returned back to it by its customers on account of low quality was directly connected with business activities of assessee and was to be allowed under section 37(1)
Where, during assessment proceedings, no details were furnished by assessee in respect of provision for doubtful debts claimed by it, but fresh details were filed by assessee before Commissioner (Appeals) who admitted same in contravention to provision of rule 46A, matter to be remanded back to Assessing Officer
Refer:[2018] 90 taxmann.com 190 (Kolkata - Trib.)
Expenses claimed by assessee on account of cost incurred by it on repairs of goods which were returned back to it by its customers on account of low quality was directly connected with business activities of assessee and was to be allowed under section 37(1)
Where, during assessment proceedings, no details were furnished by assessee in respect of provision for doubtful debts claimed by it, but fresh details were filed by assessee before Commissioner (Appeals) who admitted same in contravention to provision of rule 46A, matter to be remanded back to Assessing Officer
Refer:[2018] 90 taxmann.com 190 (Kolkata - Trib.)
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