Loss of stock due to fire: Forget Insurance, it is allowable as deduction in the year in which loss occurred
Loss of stock due to fire: Forget Insurance, it is allowable as deduction in the year in which loss occurred…
insurance & loss in income tax
Recent Posts
- When “Irrevocable” Becomes a New Roadblock for charitable trust: An Unnecessary Hurdle for Charitable Trusts
- Delay in Filing Form 10B is Procedural – Substantive Exemption under Section 11 Cannot Be Denied on Technical Grounds
- Survey Statement u/s 133A Has No Evidentiary Value – Additions Quashed
- Income has escaped assessment is a pre-condition for re-opening the assessment and not a borrowed satisfaction from outside source
- Section 119(2)(b) Condonation of Delay: Who Has the Power to Grant Relief for Refunds and Section 80P Claims?
- Loans repaid in the subsequent assessment years – No addition u/s 68 can be made: ITAT Gauhati
- Section 269SS Not Attracted to One-Time Cash Sale Consideration: ITAT Chandigarh Clarifies the Law
- Tax Refund Delays: Not Always CPC’s Fault, Not Always Yours Either
- ITC Denial to Bona Fide Purchaser Solely Due to Retrospective Cancellation of Seller’s GST Registration – Supreme Court Issues Notice
- All orders in ‘E-Proceedings’ must be signed digitally: Manually signed Assessment Order held invalid by ITAT
