News

Tax Guru16m
Mutual Fund Promotion and Initial Public Offer expense allowed as business expense
Madras High Court held that ITAT rightly deleted the addition on account of Mutual Fund Promotion Expenditure and Initial ...
Tax Guru13m
Accused entitled to acquittal as financial capacity of complainant not established
Himachal Pradesh High Court held that when the financial capacity of the complainant is not established, the accused is ...
Tax Guru19m
IGST 5% on Marine Engines & Parts for Fishing Vessels: CAAR
Mega Marine Spares India Pvt Ltd seeks an advance ruling on 5% IGST for imported marine engines, spares, and gears (HSN 8408, ...
Tax Guru24m
ITR Form Delays Spark Concerns for AY 2025-26
Tax professionals express concerns to the Finance Minister regarding the CBDT's delayed release of ITR forms for AY 2025-26, ...
Tax Guru43m
Madras HC Quashes Reassessment for Change of Opinion
The Madras High Court has invalidated reassessment proceedings against Changepond Technologies, ruling they stemmed from a mere change of opinion, not new ...
Tax Guru1h
Sec. 36(1)(viia) Bank Bad Debt Deduction to Be Computed on Monthly Average Advances
ITAT Mumbai rules on Section 36(1)(viia) deduction for banks, confirming it applies to total outstanding advances, including opening balances, citing High Court ...