Tuesday 18 June 2013

Amount recoverable in a business transaction can’t be compared with loan or advance for sec. 2(22)(e

IT : Where assessee had to recover certain amount from its sister concern on account of goods sold, since said amount involved business transaction and it could not be categorised as loan or advance, question of application of section 2(22)(e) did not arise in respect of same


No comments:

Post a Comment