Corporate & Professional updates 17th March 2018
Direct Tax: SC rules against the Revenue in a batch of over 50 appeals, holds that receipts by premises cooperative societies (assessees) from its members, on account of non-occupancy charges, transfer charges, common amenity fund contribution are exempt from income tax based on the doctrine of mutuality; [TS-111-SC-2018] SC clamps down on foreign law firms, holds that …