Foreign education expenses of director allowed as business expenditure u/s 37(1) being incurred in furtherance of assessee’s business interest ABCAUS…
Unrelated person unlikely to give false evidence to oblige the assessee, said ITAT deleting addition made for cash deposit on…
Selling cost not part of cost of construction or WIP as per ICAI guidance note on accounting for real estate.…
Concealment penalty for not offering LFC/LTC reimbursement to tax under bonafide belief that it was exempt as the employer did…
Anonymous donation received by trust running Gaushala not taxable u/s 115BBC, it being a religious activity covered under the exception…
Claim for business loss due to theft of cash allowed despite no FIR was lodged with Police Authorities in view…
Disallowance u/s 40(a)(ia) for non deduction of tax on payments to well-known NBFCs-ITAT remands issue for examination if NBFCs offered…
AO cannot reject the exemption claim u/s 154 only because in return income shown as taxable. There is No estoppel…
Expenditure on glow sign boards was revenue in nature as it did not bring into existence any asset or advantage…
Section 54F exemption is for cost of new asset, not consideration paid for acquisition. AO was held wrong in holding…