#Priya Fulwani
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Bogus sales / purchases- Addition based on mere statement of supplier not justified

Deduction u/s 194C instead of u/s 194J renders shortfall liable for disallowance u/s 40(a)(ia)

If payment is for variety of services & use of land is minor, Payment cannot be treated as rent –SC

S. 80IB(10) Restriction on extent of commercial area not applies to projects approved before 1.4.2005

Deduction u/s. 80HHC allowable only against profit from export business- SC

Set Off of Losses or Carry Forward and Set Off of Losses

Gift to be treated as genuine if identity of donors is genuine & source of gift stays explained

Factoring charges on sale cannot be termed as interest & not comes within the purview of section 2(28A)

Vend fee paid by assessee to Government, even if of the nature of ‘privilege fee’ falls within the expression ‘fee by whatever name called’
Explore the latest Priya Fulwani updates on TaxGuru, including relevant legal provisions, notifications, circulars, case laws, compliance developments and expert analysis. This page brings together important developments and practical guidance to help taxpayers, businesses and professionals stay informed and understand the regulatory and commercial implications of changes.
