corporate and professional update may 17, 2017
Professional Update for the day: Direct Tax: Delhi HC upholds charity exemption u/s. 11 to Vishwa Hindu Parishad (assessee, ‘VHP’) for AY 1993-94 despite assessee’s failure to comply with mandatory condition u/s. 12A(b) of filing of audit report [TS-184-HC-2017(DEL)] Delhi HC held that deprecation cannot be claimed in respect of Written Off / unusable …