Professional updates for the 1st week of august 2014
PROFESSIONAL UPDATES FOR THE 1ST WEEK OF AUGUST 2014 No application of section 2(22)(e), where shareholding of each partners of assessee-firm as well as of assessee-firm in closely held company is less than 10%, even though their cumulative shareholding is more than 10% [CIT vs. Octave Apparels, Punjab & Haryana High Court]. State Bank …