PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
Interest income on tax refund, though required to be reported under 'income from other sources', was erroneously shown as business income by assessee firm. Despite incorrect classification, assessee paid tax at applicable rate. No loss to exchequer occurred. Addition for interest income on refund treated as business income deserves deletion, as tax was duly paid, notwithstanding incorrect head of income.
Interest income on tax refund, though required to be reported under 'income from other sources', was erroneously shown as business income by assessee firm. Despite incorrect classification, assessee paid tax at applicable rate. No loss to exchequer occurred. Addition for interest income on refund treated as business income deserves deletion, as tax was duly paid, notwithstanding incorrect head of income.
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