CORPORATE AND PROFESSIONAL UPDATES 1 AUG 2018
DirectTax : SC dismisses Revenueโs SLP challenging Delhi HC judgement in case of Central Warehousing Corporation (โassesseeโ); HC had held that depreciation not to be deducted while computing exempt income from operating warehouses under erstwhile Sec. 10(29); HC had rejected Revenueโs stand that depreciation partakes the character of expenditure and hence should be reduced from …