Business expenditure disallowance not justified if based merely on conjecture and surmise and not on any material
0
Business expenditure disallowance not justified if based merely on conjecture and surmise and not on any material YOGESHWAR…
Addition on adhoc basis
Recent Posts
- Interest earned on damages awarded through a decree of a court is a revenue receipt chargeable to tax in India while damages itself will not be chargeable.
- Issuance of notice under section 143(2) is mandatory: Procedural lapse is fatal and cannot be cured
- Carry forward of losses in the case of takeover of a company undergoing NCLT proceedings:
- GST Notice for the reason “High turnover but low Income Tax paid”
- CBDT Circular enhancing the monetary thresholds for filing appeals by the Department against orders passed in favor of the Assessee
- Income Tax Refund cannot be denied only on account of discrepancies in Form 26AS: Delhi HC
- Exemption u/s. 10(38) disallowed as sale of share was an affair to convert unaccounted money: ITAT Ahmedabad
- Understanding Deferred Tax Assets and Liabilities: An overview
- Can Input Tax Credit Under GST Be Availed Beyond the Time Limit?
- Major Recommendations of 54TH GST Council Meeting held on 09th September 2024
