posted: "INCOME TAX : While granting refund in pursuance to Tribunal's order, amount of refund granted earlier should be first adjusted against correct amount of interest and consequently, short fall of refund is to be regarded as shortfall of tax and that shortfa"
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posted: "Famous American Physician and Poet, Mr Oliver Wendell Holmes Sr. said that "The young man knows the rules, but the old man knows the exceptions". This goes well with the proposal of the Finance Bill, 2021 exempting a resident senior citizen from the filin"
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posted: "INCOME TAX : Where notice under section 153C was initiated against assessee-medical charitable trust running hospital on basis of certain documents seized during search upon a supplier of medical and surgical equipment to hospital on ground that assessee "
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posted: "INCOME TAX : Where assessee company claimed bad debts on account of TDS payment made by it on behalf of its sales promoters, since assessee had direct business transactions, with such sales promoters, loss was incurred in course of business and debt was w"
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