Tuesday, 20 October 2015

Advance received to do job work not to be held as income if wrongly shown as transportation charges

IT : Where assessee entered into an agreement with one 'B' to do job work for 'B' and 'B' provided certain adjustable advances/deposits to assessee, merely because in TDS certificate, it was wrongly mentioned as "transportation charges", it could not be said that income had accrued to assessee

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