3 results for “disallowance”+ Section 35Cclear
Sorted by relevance
disallowances resulting in enhanced profits should still be eligible\nfor deduction under Chapter VI-A.\n78. The ld. Counsel has further contended that the department failed to apply the\nprinciple of telescoping, which allows for adjusting alleged undisclosed income against\nunexplained investments or expenditures. That, if the short stock was considered as sales\noutside the books, then the cash generated