Switches, routers, printer, server etc cannot be used without computer & so they form part of peripherals of the computer and entitled to depreciation at the same rate
Order passed by Assessing Officer in the name of the assessee without specifying that the income is chargeable to tax in the hands of the assessee as a representative assessee of a non-resident need to be quashed
If the security deposit continues as a liability in the books of the assessee club, the assessing officer could treat as income
Audited books cannot be rejected in such a casual manner. Ad hoc disallowances are arbitrary and cannot be upheld.
Validity of addition done on account of credit worthiness by CIT after giving an opportunity to the AO to rebut the submissions
Key Take away from RBI Governor: No new Moratorium only Restructuring norms relaxed along with new window for fresh restructuring
Income of the Trust is required to be computed under section 11 on commercial principles after providing for allowance for normal depreciation and deduction thereof from gross income of the Trust
Assessing Officer have jurisdiction to reopen the concluded assessment if information disclosed in originally was found to be bogus
Gap between two board meetings under section 173 of the Companies Act, 2013 (CA-13) may extend to 180 days
MCA gave Relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013.
