Unpaid audit fee was not income u/s 41(1) even if confirmation letter not produced as no expenditure was claimed in the current year-ITAT
December 15, 2016
Income Tax, ITAT, Judgments
Unpaid audit fee was not income u/s 41(1) even if confirmation letter not produced as no expenditure was claimed in the current year-ITAT ABCAUS Case Law Citation: ABCAUS 1084 (2016) (12) ITAT Brief Facts of the Case: The assessee was a Government Corporation. In the balance sheet of …