Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
Functional comparability under TNMM requires highway contract benchmarks to reflect operation, maintenance and transfer activities, requiring fresh be...
Deduction u/s 10B - Here in the case in hand, the total income was first arrived at by the Revenue through the AO in the Assessment Order by computing the total income by way of brought forward or carry forward the depreciation allowance of the earlier AYs and set off the unabsorbed depreciation first and making the return Nil, thereby leaving the Assessee in a position where it could not claim any deduction u/s 10B as there was no income after set off of carry forward depreciation and unabsorbed depreciation from earlier years. - This method of computing the income is totally against the said law - HC
Deduction u/s 10B - Here in the case in hand, the total income was first arrived at by the Revenue through the AO in the Assessment Order by computing the total income by way of brought forward or carry forward the depreciation allowance of the earlier AYs and set off the unabsorbed depreciation first and making the return Nil, thereby leaving the Assessee in a position where it could not claim any deduction u/s 10B as there was no income after set off of carry forward depreciation and unabsorbed depreciation from earlier years. - This method of computing the income is totally against the said law - HC
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