NCLAT: Section 43(1) of IBC applicable when Corporate Debtor has given a preference in transaction  ||  AP HC Declines Stay on Govt. Memo Permitting Higher Rate for Premiere of Pushpa 2 Movie  ||  SC: Amended Regulations Not Bind State University Affiliated Institutions without State Adoption  ||  MP High Court Issues Guidelines for Safe Travel of School Children  ||  Cal. HC: Bail Cannot be Denied on Account of Restrictive Statutory Provisions in Penal Statute  ||  SC: Police Verification Report of Selected Candidates Must be filed within 6 Months of Appointment  ||  SC: Intent of S.50 is to Inform Suspect of Option to be Taken to Officer Other Than Search Party  ||  SC: Amended Regulations Not Bind State University Affiliated Institutions without State Adoption  ||  Rajya Sabha Passes the ‘Bharatiya Vayuyan Vidheyak, 2024’  ||  Del. HC: It’s a Disturbing Trend of Exploiting Social Media Platforms for Committing Sexual Offences    

ITAT: Refund of Sewage Tax Constitute ‘Business Income’ - (23 May 2022)

DIRECT TAXATION

Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the refund of sewage tax would be assessed as business income as the same was earlier claimed as business expenditure under the provisions of the Income Tax Act, 1961.

Tags : ITAT   SEWAGE TAX   INCOME-TAX ACT   1961  

Share :        

Disclaimer | Copyright 2024 - All Rights Reserved