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…
Voluntary surrender of income no defence for concealment penalty u/s 271(1)(c) unless explanation offered is found bona fide and all…
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…
CESTAT erred in granting Cenvat Credit on Boiler Structure on the basis of CBEC Circular-High Court ABCAUS Case Law Citation:…
Membership Fee paid to Stock Exchange is Capital Expenditure applying "enduring benefit" and “once and for all” payment test-High Court…
Provisions of Section 44AD not apply when the gross receipts is above 40 lakhs. High Court remands the case back…
Orders of Supreme Court, High Courts and CESTAT accepted by the CBEC and on which no review petitions, SLPs have…