Day: February 16, 2014
6 articlesIncome Tax
Income Tax
Penalty u/s 271D cannot be levied for cash deposited in bank by company director for making urgent payments to suppliers
Income Tax
Income Tax
S. 41(1) Merely because liabilities were outstanding for last many years, it cannot be said that said liabilities ceased to exist
Income Tax
Income Tax
Interest cannot be disallowed if huge interest free funds were available without any interest
Income Tax
Income Tax
No Proportionate disallowance of Interest u/s 14A if investments in shares been made from interest free funds
Income Tax
Income Tax
No disallowance u/s 14A r.w. Rule 8D if interest income exceeds interest expenditure
Income Tax
Income Tax
