Himachal Pradesh HC sets aside Demand for Income Tax of Rs. 2.73 crores, as Company’s Account Properly Reflects Transaction [Read Order]

The company’s accounts properly reflect transactions

By Aiswarya Krishnadas - On June 25, 2024 9:27 am - 2 mins read

Income Tax - Himachal Pradesh High Court - Companys account transactions - income tax - TAXSCAN

The two-member bench of the Himachal Pradesh High Court has set aside the demand for Income Tax amounting to Rs. 2.73 crores, as the company’s account properly reflects the transaction.” The petitioner has challenged the order dated 13.04.2023 and the notice dated 13.04.2023, which concluded that income/transactions amounting to `2, 73, 28, 43,663/- had escaped…

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