#Section 40A(2)(b)
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93 articlesIncome Tax
Income Tax
Section 40A(2)(b) Disallowance for Assumed Higher Sub-contracting Income is unsustainable
Income Tax
Income Tax
Discount towards sale of low-quality sponge iron to sister concern duly allowable
Income Tax
Income Tax
No addition u/s 41 for opening balance of trade payables in absence of verification of parties
Income Tax
Income Tax
Payment of gratuity premium to LIC is allowable as business expenditure
Income Tax
Income Tax
Revision order u/s 263 without satisfying two essential condition is unsustainable
Income Tax
Income Tax
Cenvat credit left on closure of manufacturing unit allowable as deduction u/s 37(1)
Income Tax
Income Tax
Deductions on Payments to Relatives in Business: A Tax Guide
Income Tax
Income Tax
Deduction u/s 57 available only when it is established that expense is expended wholly and exclusively for earning income
Income Tax
Income Tax
TDS u/s 195 not deductible on commission paid to foreign agents for procurement of orders
Income Tax
Income Tax
ITAT Quashes Revision Order: Auditor’s Mistake in Tax Audit Report
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Income Tax
PCIT Cannot set aside Assessment Order Solely Based on Differing Opinion
Income Tax
Income Tax
TDS deduction vis-à-vis amortization of discount on debentures needs re-adjudication due to additional evidences
Income Tax
Income Tax
Section 40A(2): ITAT Allows High Interest Payment for Commercial Expediency
Income Tax
Income Tax
