Loss on account of forfeiture of advance if incidental to the business of the assessee is allowable as a deduction
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Loss on account of forfeiture of advance if incidental to the business of the assessee is allowable as a deduction…
forfeiture and income tax
Recent Posts
- Valuation report by the DVO alone cannot form a basis for reopening of completed assessment: Delhi HC
- Intricacies of Sec 43CA:
- GST Clarification on the issue of availability of ITC on Demo vehicles
- GST Clarification in respect of advertising services provided to foreign client
- Allowability of provision/payment of Gratuity in Income Tax and its representation in Form 3CD
- Income Tax benefits available to Ganpati Mandals:
- Agriculturist is not required to maintain books of accounts U/S 44AA: ITAT Bangalore
- Issue of addition vide intimation U/S 143(1) in the case of delay in payment of Employee Contribution of PF
- Important GST Council Recommendations during 54th GSTC Meeting:
- Where there is no substantial question of law, interference with the findings of Tribunal is not warranted: MP High Court
