Tax dept deducted Rs 10 lakh from guy’s bank a/c on suspicion of income concealment; he fights back and wins case in ITAT Ahmedabad

Mr. Gadhvi (name withheld), a resident of Gujarat who had a construction business, got a huge shock when the Income Tax ...
Tax Guru

CSR May Be Mandatory, But 80G Still Available! ITAT Gives Big Relief to Companies

The ITAT ruled that CSR expenditure, though disallowed as a business expense, qualifies for deduction under Section 80G if paid to approved entities. The Tribunal directed the AO to verify the ...