corporate and professional update july 16, 2016
Professional Update For the Day: DIRECT TAX: Income Tax : Penalty levied for excess claim of unabsorbed depreciation u/s 115JB; ITAT denies theory of carry backward of losses SBI DFHI Ltd. v. Assistant Commissioner of Income-tax, Range-2 (1), Mumbai [2016] 71 taxmann.com 178 (Mumbai – Trib.) Income Tax : Sec. 11 amendment which debars dual deduction to …