CORPORATE AND PROFESSIONAL UPDATES 30TH JUNE 2018
CORPORATE AND PROFESSIONAL UPDATES 30TH JUNE 2018 Direct Tax : Supreme Court held that even if the entire expenditure incurred for acquisition of a capital asset is treated as application of income for charitable purposes u/s 11(1)(a) of the act, the assessee is also entitled to claim depreciation u/s 32. Revenue’s argument that the grant …