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section 35

Latest Articles


Time barred appeal can be condoned by Appellate Authority under GST

Goods and Services Tax : Explore the contested issue of time-barred GST appeals. While some courts deny interference, a recent Calcutta High Court ruling c...

January 31, 2024 1761 Views 0 comment Print

Period of limitation prescribed under Income-tax Act, 1961

Income Tax : The Income-tax Act has prescribed time limit in respect of various procedures, applications, etc. (like time limit for filing an a...

November 3, 2023 2607 Views 1 comment Print

PGBP Additions and Deductions

Income Tax : Profits and Gains of Business or Profession (PGBP) Additions and Deductions Following things should be added to ‘Net Profit as p...

July 3, 2021 44991 Views 0 comment Print

Section 35 Deduction for expenditure on scientific research

Income Tax : Provisions of section 35 of the Income Tax Act, 1961 covers deduction allowable towards expenditure on scientific research. The pr...

January 16, 2021 174228 Views 3 comments Print

Decoding the End of Perpetuity Regime for NGOs, Charitable Trusts etc.

Income Tax : The Finance Act 2020 has brought in some dynamic changes in respect of the exempted Trusts, Societies, NGOs, Charitable Trusts, Se...

May 9, 2020 5760 Views 2 comments Print


Latest News


Draft Competition Commission of India (General) Amendment Regulations, 2024

Corporate Law : Explore the proposed amendments to Regulations 35, 37, and 50 of the Competition Commission of India (General) Regulations 2009. L...

February 26, 2024 654 Views 0 comment Print

Deferment for Approval/ Registration of Charitable Trusts & Exempt Institutions

Income Tax : Deferrement of Procedure for Approval/ Registration/Notifications of certain entities U/s 10(23C), 12AA, 35 & 80G of Incom...

May 9, 2020 9561 Views 1 comment Print

Section 35(2AB): DSIR guidelines should not deal with allowability of any expenditure: ICAI

Income Tax : A plain reading of Section 35(2AB) of the Act may suggest that the weighted deduction is not with respect to expenditure on scient...

January 24, 2018 13086 Views 0 comment Print

Budget 2010-11: Weighted deduction on payments made to associations engaged in research in social science or statistical research and exemption in respect of the income of such associations

Income Tax : Section 35 of the Income-tax Act provides for deduction in respect of expenditure on research and development. The existing provis...

February 27, 2010 1889 Views 0 comment Print


Latest Judiciary


Income Tax Dues Don’t Bar Property Registration in Auctions: Karnataka HC

Income Tax : Karnataka HC ruled that pending income tax dues against borrowers don't prevent property registration for auction purchases. Learn...

June 24, 2024 186 Views 0 comment Print

Delhi HC Mandates Ethical Conduct for Liquidators under IBC

Corporate Law : Delhi HC rules on Sundaresh Bhat vs IBBI, emphasizing ethical conduct and fairness for liquidators under IBC. Key insights into th...

June 13, 2024 165 Views 0 comment Print

Assessee Can Avail DTVSV Act Benefits Even if Appeal Limitation Period Not Expired

Income Tax : Assessee can't be obstructed from availing of the benefits of the Direct Tax Vivad se Vishwas Act, 2020 (DTVSV Act) even where the...

May 31, 2024 225 Views 0 comment Print

Finance Act 1994 Limitation Prevails Over Limitation Act: Allahabad HC

Service Tax : Analysis of Allahabad High Court judgment on limitation period prescribed in special statutes versus the Limitation Act....

May 27, 2024 357 Views 0 comment Print

MOOWR Instructions for denying benefit to Solar Power Generation Units was quashed

Custom Duty : The statutory scheme underlying the Manufacture and Other Operations in Warehouse Regulations, 2019 (MOOWR) could not be construed...

May 17, 2024 672 Views 0 comment Print


Latest Notifications


Enforcement of sections 20, 35 & 40 of Competition (Amendment) Act, 2023

Corporate Law : Discover the implications as the provisions of sections 20, 35, and 40 of the Competition (Amendment) Act, 2023 take effect from M...

March 5, 2024 372 Views 0 comment Print

New Procedure for registration, approval U/s.10(23C), 12AA, 35 & 80G deferred

Income Tax : CBDT has decided that the implementation of new procedure for approval/ registration/notification of certain entities shall be def...

May 9, 2020 7215 Views 0 comment Print

RBI circular on Credit Information Companies (Regulation) Act, 2005- Circular No. UBD.BPD (PCB).Cir No.25/09.11.200/2009-10 Dated – December 3, 2009

Fema / RBI : UBD.BPD (PCB).Cir No.25/09.11.200/2009-10 Dated - December 3, 2009 The Government had in exercise of powers conferred by Section 3...

December 3, 2009 493 Views 0 comment Print

Notification No. 64/2009 – Income Tax Dated 1/9/2009

Income Tax : Notification No. 64/2009 - Income Tax It is hereby notified for general information that the organization P.S.G. & Sons Charities...

September 1, 2009 1504 Views 0 comment Print

Notification No. 63/2009 – Income Tax Dated 31/8/2009

Income Tax : Notification No. 63/2009 - Income Tax It is hereby notified for general information that the organization Centre for Development o...

August 31, 2009 655 Views 0 comment Print


Latest Posts in section 35

Income Tax Dues Don’t Bar Property Registration in Auctions: Karnataka HC

June 24, 2024 186 Views 0 comment Print

Karnataka HC ruled that pending income tax dues against borrowers don’t prevent property registration for auction purchases. Learn about the detailed judgment and implications.

Delhi HC Mandates Ethical Conduct for Liquidators under IBC

June 13, 2024 165 Views 0 comment Print

Delhi HC rules on Sundaresh Bhat vs IBBI, emphasizing ethical conduct and fairness for liquidators under IBC. Key insights into the court’s decision.

Assessee Can Avail DTVSV Act Benefits Even if Appeal Limitation Period Not Expired

May 31, 2024 225 Views 0 comment Print

Assessee can’t be obstructed from availing of the benefits of the Direct Tax Vivad se Vishwas Act, 2020 (DTVSV Act) even where the time limit for an appeal had not expired as DTVSV Act aspired to finally free the tax arrears locked in the litigation combat for ages and ultimately ensures timely collection of tax.

Finance Act 1994 Limitation Prevails Over Limitation Act: Allahabad HC

May 27, 2024 357 Views 0 comment Print

Analysis of Allahabad High Court judgment on limitation period prescribed in special statutes versus the Limitation Act.

MOOWR Instructions for denying benefit to Solar Power Generation Units was quashed

May 17, 2024 672 Views 0 comment Print

The statutory scheme underlying the Manufacture and Other Operations in Warehouse Regulations, 2019 (MOOWR) could not be construed as seeking to exclude solar power generation in terms of permissions granted under Section 65 of the Customs Act, 1962.

ITAT Delhi Allows Capital Gain Deduction for Additional Land Acquisition Costs

April 21, 2024 486 Views 0 comment Print

Read the full text of the ITAT Delhi order in Prime Maxi Promotion Pvt. Ltd. Vs ACIT case, allowing deduction for additional compensation paid for land acquisition costs.

Enforcement of sections 20, 35 & 40 of Competition (Amendment) Act, 2023

March 5, 2024 372 Views 0 comment Print

Discover the implications as the provisions of sections 20, 35, and 40 of the Competition (Amendment) Act, 2023 take effect from March 6, 2024. Stay informed with the latest regulatory changes.

Draft Competition Commission of India (General) Amendment Regulations, 2024

February 26, 2024 654 Views 0 comment Print

Explore the proposed amendments to Regulations 35, 37, and 50 of the Competition Commission of India (General) Regulations 2009. Learn about streamlining processes, setting timelines, and fee revisions. Share your views by March 27, 2024.

Delhi HC Clarifies TDS Prosecution Criteria for Corporate Officers

February 25, 2024 1533 Views 0 comment Print

Delhi High Court rules that TDS prosecution cannot proceed without proving an officer’s connection with corporate management, setting a key precedent.

PMLA Proceedings Dismissal for Some Individuals Doesn’t Automatically Drop Charges for Co-Accused: Delhi HC

February 24, 2024 408 Views 0 comment Print

Delhi HC upholds PMLA proceedings against co-accused despite dropping charges against some, emphasizing distinct nature of offenses under PMLA and IPC.

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