CIT vs Khushi Ram Bhagwan Dass
Business expenditure: Accrual of liability-Sales Tax collected-AY 1973-74. The assessee was following mercantile system of accounts. The sale tax collected could not be disallowable since liability had accrued, ev [LexDoc Id : 332337]
HC (Punjab and Haryana)
2004
ACIT vs Panachayil Industries
Deduction: Industrial undertaking-Deductions under s.80HH and s.80-I-The assessee was entitled to deductions under s.80HH and s.80-I of the Income Tax Act 1961 independently in respect of its activity of manufacturing g [LexDoc Id : 293988]
