INCOME TAX : Where assessee, real estate company, had advanced loan to sister company for purpose of acquisition of land and to acquire a controlling stake in sister concern which was also engaged in real estate business, deduction claimed by assessee under section 36(1)(iii) could...
INCOME TAX : Notice issued in SLP filed against impugned order of High Court that where on queries raised by Assessing Officer regarding several issues such as interest passed on to clients, TDS deductions on advances made to a company for construction, reduction in sales...
IT: Where in course of assessment, Assessing Officer made addition to assessee's income under section 41(1) in respect of loan interest waiver by Government of India, in view of fact that assessee at no point of time had claimed waiver of interest on Government loan...
Pickled Bitter Gourd Travelling on business is a great way to sample regional cuisines. Local dishes, quaint preferences, small eateries, are what make India such a great place to travel in. Many a time though, I'd be travelling with Mr.K.C.Jain, who's a stickler for home-cooked food,...
Cabbage Vegetable Dish with Coconut This recipe is inspired by Hema Athai (my Aunt), who figured out a way to reconcile her health consciousness with the challenges of feeding fussy Tambrams. I cook it often now, but somehow, her signature never vanishes from the dish. INGREDIENTS -...
Beans & Dal Poriyal - Tamil Vegetable Dish Beans Paruppu Usili This Beans + Dal vegetable dish is a perfect match of taste & health, and doesn't take a lot of work either. Serve it with Sambar or Rasam rice, and you'll wonder if you've made enough....
We know all about the noble ideal of Democracy, of nations’ destinies being guided by their people’s collective will. We know & celebrate Free Speech – every man’s (or woman’s) right to have their view and to say their piece. In the modern era, almost...
(2020) 116 taxmann.com 701 (Del) INCOME TAX : Where assessee succeeded before CIT(A) in ultimate analysis and was, thus, not an aggrieved party, in Revenue's appeal, ITAT committed a mistake by not permitting assessee (respondent before it) to support final order of CIT(A) by assailing findings...
IT : Where assessee purchased goods from a party on high-sea basis and it had to pay customs penalty for defect in relevant REP licence issued in favour of that party, such payment was allowable as business expenditure ■■■ [2015] 53 taxmann.com 171 (Delhi) HIGH COURT OF DELHI Commissioner...
[2015] 56 taxmann.com 180 (Delhi - Trib.)/[2015] 37 ITR(T) 332 (Delhi - Trib.) IT: Where tax free government grant provided to assessee government undertaking was reduced by amount of income of assessee from internal sources, such income would be exempted; part of such internal income which was not adjusted by...