Interest free loan to subsidiary-disallowance for commercial expediency not relevant if advances given out of interest free funds - Punjab…
Delay in filing appeal condoned as CA was unaware of law. Quality of explanation, legal assistance to litigant, and detriment…
Receipt of ITAT order by any CIT triggers limitation period u/s 260A(2)(a). In a recent judgment, the Hon'ble Delhi High…
Section 68 applicability to share premium or share application money upheld. Section is widely worded to include capital account receipts-Calcutta…
Exemption us 11 can not be denied if not filled in Schedule-F when the verification clause of ITR-7 was duly…
Interest expenditure Disallowance u/s 36(1)(iii) for interest free loan-Allahabad High Court says business expediency not a must, earlier Division Bench…
No Section 54F exemption if construction not started within time prescribed. Development charges paid not start of construction-Allahabad HC In…
Royalty and fee for technical assistance held revenue expenditure not capital as on termination of agreement all rights of the…
Section 43B applicable to both employee and employer contributions. No disallowance can be made u/s 36(1)(va) if paid before ITR…
Commercial expediency-Disallowance for loan-advance u/s 40A(2).Once commercial expediency established beyond doubt no further test to be applied -Allahabad High Court…