CORPORATE AND PROFESSIONAL UPDATE SEPT 27, 2016
Professional Update For the Day: Direct Tax:- IT: Assessee has directly deposited cash in the supplier’s account and has produced the bills, no evasion of tax by claiming the bogus expenditure in cash – Arun Kumar Mondal Vs ITO, W-2(2), Burdwan (2016 (9) TMI 995 – ITAT Kolkata) SC modifies Karnataka HC order on the issue of …