Bombay High Court Allows Appeal in Income Tax Block Assessment Case — Unexplained Investment and Worker Count Issues Remanded. Held that advances to sister concern from disclosed bank account cannot be treated as unexplained investment without proper inquiry, and that clerical staff may be counted as workers for deduction under Section 80-IA.
5 Nov 2014The appellant, Herald Publications Pvt. Ltd., a publisher of the daily newspaper 'Herald', was subjected to a search under Section 132 of the Income T...




