News Update Income tax deductions on certain transactions can only be claimed after actual payment 12 Aug 2021 On Wednesday, The Supreme Court had observed that Explanation 3C to Section 43B of the Income Tax Act, 1961 is only clarificatory and meant to hold back the misuse of…
News Update Madras HC answers whether voluntary contributions by private discretionary trust are taxable income 17 Dec 2020 In the case of Commissioner of Income Tax v. Shriram Ownership Trust, the Court also emphasised that when the assessee does not challenge a tribunal ruling in appeal, he is…
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