Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Objective characteristics and principal use govern mining-tyre classification, while fresh advance ruling applications may rely on additional technica...
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The Andhra Pradesh High Court allowed the application for compromise in a dishonour of cheque case. The terms of the compromise were read and admitted by the parties. Referring to a Supreme Court decision, it was noted that costs for compounding during proceedings should be deposited with the District Legal Services Authority. The court, satisfied with the compromise and settlement, set aside the judgment, acquitted the accused u/s 138 of N.I. Act, and disposed of the application.
The Andhra Pradesh High Court allowed the application for compromise in a dishonour of cheque case. The terms of the compromise were read and admitted by the parties. Referring to a Supreme Court decision, it was noted that costs for compounding during proceedings should be deposited with the District Legal Services Authority. The court, satisfied with the compromise and settlement, set aside the judgment, acquitted the accused u/s 138 of N.I. Act, and disposed of the application.
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