HC quashes locker search warrant as Addl. DIT failed to prove that such locker contained undisclosed income
Whether depreciation on testing equipment provided to laboratories and hospitals free of charge & not used by the Assessee directly is allowable as deduction?
Allowability of Set off of unabsorbed business losses against capital income arising through slump sale
Approval u/s 10(23C)(vi) cannot be denied on the ground that the aims and object of the trust include several clauses which are not for the purposes of education
Gujrat High Court admits appeal against the last date notified by government for availing input tax credit
Payment made to retiring partners & its deduction on the ground that its diversion of income by overriding title-
Order passed in hurry to avoid the bar of limitation & C.I.T. power u/s 263 to conclude that the assessment order is erroneous & prejudicial to the interests of the Revenue: Principal laid down by Supreme Court in the case of Amitabh Bachan
Allowability of Deduction towards interest paid if of interest of Interest-free loan given to sister concern