CORPORATE AND PROFESSIONAL UPDATES 25th NOVEMBER 2018
Direct Tax: Gujarat High court held that tax cannot be levied on gain from sale of agricultural land based on intention of buyer to use the land for business purpose. Principal CIT Vs Heenaben Bhadresh Mehta (Gujarat High Court) ITAT Jaipur held that interest on income tax refund not eligible for deduction under section 80IE. M/s. OMIL …