CORPORATE AND PROFESSIONAL UPDATES 25TH MAY 2018
CORPORATE AND PROFESSIONAL UPDATES 25TH MAY 2018 Direct Tax: Calcutta HC upholds ITAT order for AYs 2008-09 and 2009-10, rules that provision for bad and doubtful debt deduction u/s 36(1)(viia) incase of assessee-bank (a regional rural bank) has to be computed @ 10% of the aggregate monthly average advances by taking ’cumulative’ outstanding advances by rural branch; [TS-261-HC-2018(CAL)] Gujarat HC upholds ITAT order for AY 2009-10, …