Can not find what you are looking ? Try Google Search….
Dont Forget to Subscribe for Latest Updates and News
Recent Posts
- Additions Deleted as Retraction of Surrender Validly Supported by Books Vouchers and Bank Withdrawals
- Co-insurance Fees Allowed Without TDS and Computer Peripherals Treated as Revenue Expenditure
- Allocation Method Upheld but Excise Refund Taxed; MAT Indexation Allowed
- AO’s Failure to Verify Depreciation on Impaired Goodwill Justifies Revision Under Section 263
- Interest Income Earned from Staff Loans and Advances is Taxable as Business Income
- Reassessment Valid on Fresh Material but Fictitious Loss Allegations Rejected on Merits
- Interest on Borrowed Capital for Unused Asset Disallowed as Business Expense but Deductible Under House Property
- Section 14A Disallowance Cannot Exceed Exempt Income Earned; Finance Act 2022 Amendment Clarified as Prospective in Nature
- Educational Trusts: Payments to Related Parties (Royalty, Services) Allowed in Absence of Market Comparables Proving Excessiveness; Hostel Activity Integral to Education
- Accrual of Income: Notional Interest Cannot Be Taxed on Interest-Free Advances Without Contractual Right to Receive; RBI MCLR Benchmark Held Untenable
TaxHeal
