Section 115BBDA of Income Tax Act Does not Apply to Domestic Company: ITAT deletes Addition [Read Order]
The assessee was none of them neither an individual nor Hindu undivided Family nor a firm and therefore, this Section 115BBDA of the Income Tax Act was not applicable
The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition of Rs. 3.07 lakhs, stating that Section 115BBDA of the Income Tax Act, 1961 does not apply to a domestic company. The assessee Meenakshi Ventures and Holdings India Private Limited, was a company file its return of income for the…
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
