4 results for “disallowance”+ Section 23(1)(a)clear
Sorted by relevance
Key Topics
Bench: SANDEEP MEHTA,KULDEEP MATHUR
23 :: cannot be treated as a casual or non-recurring receipt under section 10(3) and be subjected to tax under section 56. The argument of the appellant that even if the income cannot be chargeable under section 45, because of the inapplicability of the computation provided under section 48, it could still impose tax under the residuary head