CORPORATE AND PROFESSIONAL UPDATE APRIL 23, 2016
CORPORATE AND PROFESSIONAL UPDATE APRIL 23, 2016 DIRECT TAX: IT: Expenditure relatable to day to day running of the business is allowable as revenue expenditure in the hands of assessee irrespective of the fact that the assessee was following percentage completion method of recognizing its revenue – Arun Pitambar Seth Vs. ACIT, Cir-3, Pune (2016 (4) TMI 752 – ITAT Pune) …