Provision for doubtful debts is held admissible deduction u/s36(1)(vii)
By a landmark decision of the ITAT rendered in (2024] 120 ITR (Trib) 295 (ITAT[Bang]) it is held that where…
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Provision for doubtful debts is held admissible deduction u/s36(1)(vii) ......Read More
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Total Irony
There are two adjoining sections 263 and 264. Whereas section 263 deal with orders prejudicial to the interest of revenue…
......Read MoreCSR donations/expenses whether could otherwise qualify for deduction u/s80G
In FDC case ruling by the Mumbai bench of ITAT in (2024] 119 ITR (Trib) 799 (ITAT[Mum]) which while setting…
......Read MoreNot filing return may trigger notice
Having a PAN and not filing a return may be a strict NO NO. It can trigger assessment notice. In…
......Read MoreIssue of notice at email address not in use and one belonging to old CA
By the decision from the Allahabad High Court in (2024] 471 ITR 68 (All) a taxpayer may seek quashing of…
......Read MoreJharkhand High Court pointers to taxpayers
In dismissing writ of TELCO CO-OPERATIVE SOCIETY LTD. in (2024] 471 ITR 285 (Jhar)it is held desirable under the law…
......Read MoreCharitable expenditure
By the decision in Math Gadwaghat Trust( 2024]119 ITR (Trib) 134 (ITAT[Varanasi]) it is held that administrative nature of expenditure…
......Read MoreOral advice
In the case citation [2005] 275 ITR 491 (Mad) the assessee incurred consultancy expenditure for subscribing to “News Bulletin”/ “Information…
......Read MorePredeposit prescriptions by DHC
The Delhi High Court in (2024] 470 ITR 493 (Del) held that : A. there is no predeposit prescription requiring…
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