#section 37(1)
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555 articlesIncome Tax
Income Tax
Profit estimation of 10% instead of 8% adopted under presumptive taxation scheme justified
Income Tax
Income Tax
Change of opinion impermissible under the grab of reopening u/s 147
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Income Tax
Interest on Delayed TDS Payment not allowable as Business Expenditure
Income Tax
Income Tax
Disallowance of part of commission payment as business expenditure unjustified
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Income Tax
Revision u/s 263 for non-invocation of section 115BBE on addition u/s 68 towards unexplained sundry creditors justified
Income Tax
Income Tax
Disallowance of staff welfare expenditure resorting to adhoc base unsustainable
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Income Tax
Addition based on statements alone without any other corroborative evidence unsustainable
Income Tax
Income Tax
ITAT allows Electricity expenses which were disallowed on mere presumptions
Income Tax
Income Tax
Section 194H doesn’t apply on sells of pre-paid SIM at discounted price to distributors
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Income Tax
Expenditure on scientific research not certified by DSIR is allowable as deduction u/s 37
Income Tax
Income Tax
Salary to Vice President allowable u/s 37(1) as proved that business activity of company still subsists
Income Tax
Income Tax
Provision for doubtful debt being in nature of diminution in value of asset attracts section 115JB
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Income Tax
Interest on Compulsory Convertible Debentures deductible u/s 36(1)(iii)
Income Tax
Income Tax
