The ITAT held that disallowance under Section 36(1)(iii) requires factual verification of business purpose. Interest-free loans to group entities were sent back for fresh ...

The ITAT held that filing Form 10B on the extended due date, especially during COVID-19 relief periods, cannot by itself defeat Section 11 exemption. Procedural delay cannot override substantive ...

Discover how Advance Corporation Tax (ACT) affected UK companies, from its operation to its abolition in 1999, and its ...

Discover the role of tax advisors in minimizing taxes and ensuring IRS compliance in complex financial scenarios. Learn about their expertise and regulatory standards.

The Income Tax Department clarified that recent communications to taxpayers about transaction discrepancies are advisory, ...

It would be a gross understatement to describe a marriage separation as an emotional trauma. It is often far more traumatic for a non-working spouse who has been dependent upon his or her partner ...