corporate and professional update july 21, 2016,
Professional Update for the Day: DIRECTTAX: Income Tax: Interest paid by contractor to finance its business wasn’t includible in cost of inventory; No understatement of WIP Deputy Commissioner of Income-tax, Central Circle 2(2), Bangalore v. JSR Constructions (P.) Ltd. [2016] 71 taxmann.com 184 (Bangalore – Trib.) Income tax : ITAT Chennai in below citied case held that Continuance of …