Section 47A(3) can be invoked only if benefit u/s 47 is claimed. High Court uphelds deletion of payment of brand…
Expenses prior to setting up or running of business are capital in nature-High Court upheld ITAT order allowing capitalisation of…
Lease equalization charges are deductible in computing book profit. Provisions for NPA are also not need to be added back-High…
Activities of animal care is advancement of object of general public utility. Society was entitled to benefit of Section 80G…
Validity of income tax notice served on authorised representative upheld by Supreme Court as there was sufficient material to draw…
No service tax on free materials supplied by service recipients in Construction projects. Value of such goods not included in…
Voluntary surrender of income no defence for concealment penalty u/s 271(1)(c) unless explanation offered is found bona fide and all…
ITAT restores registration u/s 12AA cancelled for money laundering through donation received in lieu of cash as the amount received…
Excessive expenses on Magazine and Journals by 5-Star hotel. High Court remands the issue to Tribunal for fresh findings on…
Providing mid day meals to students is charitable activity as general public utility u/s 2(15)-High Court uphelds ITAT order directing…