CORPORATE AND PROFESSIONAL UPDATES 26TH FEB 2018
Direct Tax: Gujarat HC upholds ITAT order, confirms unexplained cash credit addition u/s 68 in case of assessee (an individual), with respect to receipt of unsecured loan despite confirmation from lender; [TS-71-HC-2018(GUJ)] Pune ITAT deletes Sec. 40(a)(i) disallowance for non-deduction of TDS u/s. 195 on payment of lease line charges by assessee (an Indian company) to its US parent, holds payment …