Providing mid day meals to students is charitable activity as general public utility u/s 2(15)-High Court uphelds ITAT order directing…
Membership Fee paid to Stock Exchange is Capital Expenditure applying "enduring benefit" and “once and for all” payment test-High Court…
Booking of flat with builder is construction within the meaning of section 54 and hence period of three years apply…
Provisions of Section 44AD not apply when the gross receipts is above 40 lakhs. High Court remands the case back…
Supreme Court explains the law on cancellation of certificate u/s 12AA. Grant of Registration u/s 12A is quasi judicial function…
Assessment made on revised ITR with fake figures filed for bank loan purpose quashed as the original return was belated…
Deduction u/s 36(1)(vii) allowed for sales tax component of bad debts written off in the books of accounts. in any…
Explanatory Notes to the provisions of the Finance Act, 2017. CBDT has issued Circular No. 02/2018 dated 15th Februry, 2018 explaining the…
Addition made for electricity variation with quantum of production deleted. Lower consumption of electricity for the same quantum of production…
Addition for investment in land deleted when it was purchased by the company in the name of director to facilitate…