Merely because an income has been taxed in recipient’s hand it does not become deductible expenditure but as per Law
April 7, 2016
Income Tax, ITAT, Judgments
In a recent judgment, ITAT Mumbai has opined that merely because an income has been taxed in the hands of recipient , does not mean that it is a deductible expenditure in the hands of the person making the payment instead the deduction is required to be examined …