Company cannot have “Salary Income”: ITAT deletes Addition by NFAC [Read Order]

Company - Salary Income - Salary - Income - ITAT - NFAC - taxscan

The Income Tax Appellate Tribunal ( ITAT ), Hyderabad bench has deleted an addition by the National Faceless Assessment Centre ( NFAC ) by holding that the “Company” cannot have salary income under the provisions of the Income Tax Act, 1961. The Assessee, Ducere Technologies Private Limited, is a private company filed return of income…

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