Monday, January 25, 2010

A Co-operative Bank is entitled to deduction u/s 80P(2)(a)(i) on amount of interest received u/s 244A on refund of tax [ITAT-SB-Mum.]

Source : www.taxmann.com


Sec. 44AB does not provide that where assessee is carrying on many bzneses, then to calculate turnover (TO) limit TO of all bzneses has to be clubbed [Kar.]

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Texturising and Twisting of partially oriented yarn (POY) by thermo mechanical process constitutes ‘manufacture’ in terms of section 80-IA [SC]

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GST : Comments of Revenue Department on First Discussion Paper released [FINMIN}

Source : www.taxmann.com