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<h1>Supreme Court Dismisses Special Leave Petition for Low Tax Effect</h1> The Supreme Court dismissed the Special Leave Petition due to low tax effect after condoning the delay. - TMI Contingent liability - provision and a contingent liability - Liability to charge of interest u/s 234B and 234C - Rejection of claim under Section 80G - Deduction of the benefit of 40a(ia) - Leave encashment as a contingent liability - Disallowing expenditure on police stations - Amount paid by the assessee for taking over the company - Claim of capitalization of expenditure towards tree cutting, tampling removal of debris - Regarding removal of debris - Depreciation @ 60% on EDP Equipments - Claim of depreciation on public roads treating the same as building to be allowed - Held that:- Special Leave Petition is dismissed on the ground of low tax effect. The Supreme Court dismissed the Special Leave Petition due to low tax effect after condoning the delay. (2018 (12) TMI 134 - SC Order)