This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Income of Company cannot be assessed under the head ‘salary’
Case Law Details
- Case Name
- Ducere Technologies Private Limited Vs DCIT (ITAT Hyderabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2020-21
- Courts
- All ITAT, ITAT Hyderabad
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Ducere Technologies Private Limited Vs DCIT (ITAT Hyderabad)
Since the assessee is a company as is established by the 143(1) intimation, question of assessing its income under the head ‘salary’ does not arise. Impugned order is, therefore, liable to be set aside. The aspect of availability of brought forward losses needs verification at the end of the Learned Assessing Officer, for the purpose of considering the set-off against current year income.
ITAT therefore, restore the issue to the file of the Learned Assessing Officer to verify the availability of brought forward losses for the pur...
