Daily Archive: Wednesday, March 29, 2017

Scholarship payment is charitable expenditure when candiate is selected by a process as most deserving candidate – Allahabad High Court

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Scholarship payment is charitable expenditure when candidate was selected by a process selecting most deserving one which was not related to members of the Society – Allahabad High Court ABCAUS Case Law Citation: ABCAUS 1192 (2017) (03) HC The Substantial Question of Law raised: Whether on the facts and

Addition for share application money not warranted if AO not disputed correctness of evidences furnished or not made any adverse comments – ITAT

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Addition for share application money not warranted if AO not disputed correctness of evidences furnished or not made any adverse comments – ITAT  ABCAUS Case Law Citation: ABCAUS 1191 (2017) (03) ITAT The Grievance: The appellant assessee company was aggrieved by the order passed by the CIT(A) inter alia

Reduction of loan waived from fixed assets actual cost-wdv u/s 43(6)(c) not required for calculating depreciation under I.T. Act – ITAT

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Reduction of loan waived from fixed assets actual cost-wdv u/s 43(6)(c) not required for calculating depreciation allowable under Income tax Act – ITAT ABCAUS Case Law Citation: ABCAUS 1190 (2017) (03) ITAT The Grievance: The appellant assessee company was aggrieved by the order passed by the CIT(A) confirming the

Draft Guidelines for Advertisement by Company Secretary in Practice by ICSI

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Draft Guidelines for Advertisement by Company Secretary in Practice According to the guidelines, no Company Secretary or a firm of Company Secretaries is permitted to advertise for the services, except through a write-up or as additionally permitted. “write up” has been defined to include any writing or display setting
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