Business disallowance under section 40(b)–Book profit–Interest income on FDR
0
under section 40(b) CIT v. Allen Career Institute Business disallowance under section 40(b)–Book profit–Interest income on FDR Facts: Assessee-Institute made…
under section 40(b)
Recent Posts
- BlackRock’s Transformation: Larry Fink’s Ambitious Roadmap to Innovation
- Source of source in respect of loans not required to be proved under section 68 of the ITA as it stood prior to 01.04.2023
- Guidelines for Compulsory Selection of Returns for Complete Serutiny during the Financial Year 202-26-procedure for compulsory selection in such case
- Disallowance of delayed employee contributions to EPF/ESI U/s 36(1)(va) not valid if made by CPC U/s 143(1)(a) as the issue was debatable at that point of time: Chhattisgarh High Court
- Debunking Credit Score Myths: Separating Fact from Fiction
- Reopening relying on information flagged by GST department that the supplier is a dummy/non-existent entity quashed by ITAT
- Any attempt to reopen and revive the proceedings-after the limited is legally untenable
- If the Commissioner (Appeals) proceeds to decide the appeal on merits without first condoning the delay, such an order is liable to be set aside.
- Trent’s Strategic Shift: Balancing Partnerships and Homegrown Strengths
- Invocation of Sec 68/69 in case of transfer from abroad to NRE Accounts:
–Book profit–Interest income on FDR){kind=link}
–Book profit–Interest income on FDR&description=&image=https://thetaxtalk.com/wp-content/uploads/2018/04/10-min-1024x597.png){kind=link}