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.
Re-opening of assessment is not permissible for mere verification or for a fishing inquiry: High Court