#section 37(1)
Log in to FollowEvery article filed under the “section 37(1)” tag — analysis, news and updates.
615 articlesIncome Tax
Income Tax
Addition towards contribution to unrecognized provident fund rightly deleted
Income Tax
Income Tax
Transaction already affirmed by Court during demerger cannot be again questioned by income tax department
Income Tax
Income Tax
Deduction u/s. 37(1) allowable towards ESOP expense since it is not contingent or notional
Income Tax
Income Tax
Non-generation of income after setting up of business cannot be ground to disallow expense
Income Tax
Income Tax
Allegation of bogus purchase without verification of books not justifiable: Kerala HC
Income Tax
Income Tax
No Need to Prove Bad Debt Once Written Off in books: ITAT Hyderabad
Income Tax
Income Tax
Matter remitted as lower authorities failed to examine evidences with regard to deduction u/s. 80P(2)(a)(i)
Income Tax
Income Tax
Disallowance u/s. 36(1)(va) justified since employee’s contribution deposited after due date: ITAT Surat
Income Tax
Income Tax
No TDS Disallowance u/s 40(a)(i) due to lack of incriminating evidence in sec.153A assessment
Income Tax
Income Tax
Grant-in-aid incurred wholly and exclusively for business is deductible: ITAT Delhi
Income Tax
Income Tax
Reopening assessment u/s. 147 void-ab-initio as issue already dealt in original assessment
Fema / RBI
Fema / RBI
Amount transferred to statutory reserve as per RBI Act not deductible from assessable income
Income Tax
Income Tax
Revisionary jurisdiction u/s. 263 not invocable when AO took legally plausible view: ITAT Ahmedabad
Income Tax
Income Tax
