ITAT Hyderabad held that interest paid on account of delayed remittance of TDS cannot be treated as business expenditure under section 37(1) of the Income Tax Act. Accordingly, order disallowing the ...
The Tribunal examined whether an assessment ignoring a clear mismatch between turnover and TCS data could survive. It held that absence of enquiry on such discrepancy renders the order erroneous and ...
Republicans in Congress are jumping off the ObamaCare cliff as they leave Washington without a deal to extend enhanced subsidies for millions of Americans. But the door to a bipartisan deal hasn’t ...