CORPORATE AND PROFESSIONAL UPDATE APRIL 4, 2016
CORPORATE AND PROFESSIONAL UPDATE APRIL 4, 2016 DIRECT TAX: Income Tax: Security deposit collected from its members refundable – whether receipts does not partake the character of income? – Held No- ( Gulmohar Greens Golf and Country Club Ltd. Versus DCIT, Ahmedabad – 2016 ITAT AHMEDABAD). Income Tax: Exemption u/s 54B – assessee has purchased agricultural land …