Ratification of resignation acceptance validates separation retrospectively, while withdrawal may be refused through reasoned administrative discretio...
Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Alternative GST remedy permitted protective writ intervention for ex parte adjudication, preserving independent appellate review of input tax credit d...
Assessment against deceased sole proprietor requires proceedings against the legal representative, rendering prior assessment and appellate orders inv...
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The case involved challenges to the disallowance of expenses on repairs and maintenance and a donation to a trust. The appellant argued that both expenses were incurred for business purposes and should be allowed as deductions. The opponents contended that the expenses were not wholly and exclusively for business and should be disallowed. The Tribunal ruled in favor of the appellant on both issues, finding the expenses to be revenue in nature and made for commercial expediency. The High Court dismissed the appeal on the repairs and maintenance issue but admitted the appeal on the donation to the trust, indicating a need for further consideration.
The case involved challenges to the disallowance of expenses on repairs and maintenance and a donation to a trust. The appellant argued that both expenses were incurred for business purposes and should be allowed as deductions. The opponents contended that the expenses were not wholly and exclusively for business and should be disallowed. The Tribunal ruled in favor of the appellant on both issues, finding the expenses to be revenue in nature and made for commercial expediency. The High Court dismissed the appeal on the repairs and maintenance issue but admitted the appeal on the donation to the trust, indicating a need for further consideration.
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