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…
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…