CSR 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) which while setting aside the revision order by...
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CSR payments
What is being considered as business disallowance u/s37 for CSR expense in computation may be claimable u/s 80G subject however to eligibility and fulfilment of...
Separate units can be considered as separate business in computing s.80HHC relief
In a possible carve out from landmark IPCA ruling the High Court of Madras in 441 ITR 171 (Mad) held that in the case...
Section 80AC held hyper technical, cannot go against the law
Vide ( 2022] 440 ITR 135 (Kar) the assessee withdrew claim for deduction under chapter VIA in revised return but later before CIT(A) he pressed...
Wrongful claim of tax holiday
In 427ITR15 the assessee having deposited huge cash during the demonetization period claimed a tax holiday alleging that the cash is generated in tax holiday...