‘iPad’ may discharge some computer functions but it isn’t a computer; not eligible for higher dep.: ITAT

Case details: Kohinoor Indian (P.) … Continue reading “‘iPad’ may discharge some computer functions but it isn’t a computer; not eligible for higher dep.: ITAT”

Banks should recognize fair value of share-linked incentives to CEOs/ WTDs as expense in their books of accounts: RBI

CIRCULAR NO. DOR.GOV.REC.44/29.67.001/2021-22, dated 30.08.2021 … Continue reading “Banks should recognize fair value of share-linked incentives to CEOs/ WTDs as expense in their books of accounts: RBI”

All-about Dormant (inactive) Company – Meaning, Benefits, Compliance, and the Associated Process

[2021] 129 taxmann.com 354 (Article) … Continue reading “All-about Dormant (inactive) Company – Meaning, Benefits, Compliance, and the Associated Process”

Exp. incurred on doctor’s travel isn’t ‘commission’ if he isn’t bound to prescribe medicines suggested by assessee: HC

Case details: CIT (TDS) v. … Continue reading “Exp. incurred on doctor’s travel isn’t ‘commission’ if he isn’t bound to prescribe medicines suggested by assessee: HC”

Reassessment initiated on statement of hospital manager that doctor didn’t disclose full consultancy fees held valid

Case details: Dr. Sajan Hedge … Continue reading “Reassessment initiated on statement of hospital manager that doctor didn’t disclose full consultancy fees held valid”