Daily Archive: Saturday, March 19, 2016

Deduction claimed for a pay/wage revision is an ascertained liability not contingent

Author: | Categories: Income Tax, ITAT, Judgments No comments
The deduction claimed for a  pay/wage revision is an ascertained liability and cannot be termed as contingent because the wage and probable revision or rates of revision would be within the fair estimation of the employer. Case Law Details: INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: ‘B’ NEW DELHI I.T.A .No.-1733/Del/2014


SEBI-Mutual Fund Circular-Scheme related additional disclosure to be made

Author: | Categories: SEBI No comments
Securities and Exchange Board of India CIRCULAR SEBI/HO/IMD/DF2/CIR/P/2016/42