Vicarious liability for dishonoured company cheques may extend to non-signatory directors where complaints contain foundational responsibility avermen...
Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
House Rent Allowance exemption under Section 10(13A) turns on actual expenditure on rent for residential accommodation occupied by the assessee. Where the employer paid rent directly to the landlord but recovered the same amount from the employee's salary, the arrangement was treated as the employee bearing the rent himself, not as rent-free accommodation. The Court held that the mode of payment did not matter; the decisive test was whether rent expenditure was actually incurred. The Tribunal erred in denying the exemption, and the assessee's claim was allowed.
House Rent Allowance exemption under Section 10(13A) turns on actual expenditure on rent for residential accommodation occupied by the assessee. Where the employer paid rent directly to the landlord but recovered the same amount from the employee's salary, the arrangement was treated as the employee bearing the rent himself, not as rent-free accommodation. The Court held that the mode of payment did not matter; the decisive test was whether rent expenditure was actually incurred. The Tribunal erred in denying the exemption, and the assessee's claim was allowed.
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