Disallowance/Addition of loss Cannot be raised when not claimed in Computation of Income: ITAT [Read Order]

By Sunayana Dhal - On October 21, 2023 8:00 am - 2 mins read
Disallowance - Addition of loss - Computation of Income - ITAT - Income Tax Appellate Tribunal - taxscan

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the disallowances/additions of loss cannot be raised when it has not been claimed in the computation of income. The Assessing Officer during the course of assessment proceedings observed that the assessee made purchases through the National Stock Exchange of future/option of Rs. 8,72,352/-…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader