Retrospective cancellation of charitable registration under section 12AB(4) was unsustainable; related-party benefit allegations did not prove nongenu...
Merger control notice and disclosure rules: Supreme Court limits penalties, rejects reopening of approved combination, and sets aside adverse findings...
Bad debts u/s 36(l)(vii) or business expenditure u/s 37 - Addition in respect of the payment made by assessee company to YES Bank on account of a corporate guarantee - assessee in its Proflt & Loss Account had recorded the entry as Debts Written Off - In the instant case the expenditure was rightly held to be deductible u/s 37. - AT
Bad debts u/s 36(l)(vii) or business expenditure u/s 37 - Addition in respect of the payment made by assessee company to YES Bank on account of a corporate guarantee - assessee in its Proflt & Loss Account had recorded the entry as Debts Written Off - In the instant case the expenditure was rightly held to be deductible u/s 37. - AT
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