St Johnstone's accounts have revealed an impressive six-figure profit posted by the club for the financial year ending May 31, 2024. The Perth side have pulled off the off-field success just 12 months ...
RBI stated today that in terms of Section 29, read with Section 56 of the Banking Regulation Act, 1949, co-operative banks are required to prepare a balance sheet and profit and loss account as on the ...
In the matter abovementioned ITAT remanded the matter to CIT (A) with a cost of Rs. 5,000/- after considering that assessee failed to comply with the notices issued by CIT (A).
ITAT Mumbai held that additional claim of deduction of bad debts under section 36 (1) (vii) of the Income Tax Act filed during the course of assessment other than filing a revised return is allowable.