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![Amount relatable to Profit Component which is appropriation of Income, can’t be allowed as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/appropriation-of-income-deduction-ITAT-Taxscan.jpg "Amount relatable to Profit Component which is appropriation of Income, can’t be allowed as Deduction: ITAT [Read Order]")
Amount relatable to Profit Component which is appropriation of Income, can’t be allowed as Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench ruled that the amount relatable to the profit component which is the appropriation of income,...