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- The choice to claim bad debt deductions under Section 36(1)(viia) rests exclusively with the assessee-bank.
- Exempt income expenses must be strictly carved out from book profits to compute minimum alternate tax.
- Substantial engagement in charitable activities protects an educational society from trust exemption denial and retrospective registration cancellation.
- Assessee is entitled to infrastructure deductions, interest-free fund disallowance relief, and consistent capital receipt treatment.
- Depositing demonetized cash into another’s account for banking-channel return constitutes a benami transaction.
- Google Rolls Out Radical Gradient Redesign for Workspace Icons
- OpenAI and Malta Partner to Offer Subsidized ChatGPT Plus to All Citizens
- Android Auto is getting video apps, music updates, and more Gemini smarts
- Gemini App Major Update: Adds Extended Thinking Mode & Canva Integration
- Gemini App Major Upgrade: Neural Expressive UI, 3.5 Flash & 24/7 Spark Agent
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