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…
Private company director held liable for tax defaults by lifting corporate veil us 179 of Income-tax if in true sense…
CMA-Writ against 3 years exemption withdrawal in cost accountancy exam dismissed. Amendment to ICMAI Regulation 41(2) not retrospective-High Court ABCAUS…
Advance tax not payable-Income declared after financial year closure. ITAT deleted interest u/s 234B and 234C on income declared in…
Rule 8D not applicable to shares held as stock in trade. Calcutta High Court upheld ITAT judgment deleting disallowance made…
Jurisdiction cannot be conferred even by consent of parties. Acquiescence or any principle of law can not confer legality to…
DG Income Tax-Exemptions action illegal in not taking decision on assessee's application seeking approval under Section 80 IB(7)(c)-Allahabad HC ABCAUS…
No Interference with findings of facts unless relevant evidence not considered or finding arrived by ITAT placing reliance on inadmissible…