Monthly Archives: September 2015

Delhi High Court dismisses Tax Audit Returns Due Date Extension Appeal

Delhi High Counrt dismisses Tax Audit Returns Due Date Extension Appeal
In the case of Avinash Gupta and Ors V/s Union of India and Ors It was held by Delhi High Court that in this case it is pleaded that the petition is in the nature of public interest. However, the petition is not drafted

Interest, Transport and Power Subsidies are eligible Deductions u/s 80IB

Interest, Transport and Power Subsidies are eligible Deductions u/s 80IB
Related Case Law :
DCIT Vs M/s. Maithan Smelters Ltd.,(Kolkata ITAT), ITA No. 1327/Kol/2011 A.Y. 2005-06, Date of decision –26-08-2015
Briefs of Case
In the case DCIT Vs. Maithan Smelters Ltd. the Hon’ble Kolkata ITAT held that the interest subsidy, transport subsidy and power subsidy