Monday 6 July 2015

No penalty on non-disclosure of telephone/medical reimbursement in return as they can't be treated a

IT: Hospitality and telephone allowances to assessee being in nature of reimbursement cannot be treated as income in hands of assessee and, consequently, non-inclusion of same in assessee's return of income could not be treated as concealment of income and penalty was not called for

No comments:

Post a Comment