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No S. 80-IC Benefit on Duty Drawback as it is not Income Derived from Industrial Undertaking: Delhi HC [Read Order]
In a recent ruling, the Delhi High Court held that duty drawback cannot be allowed as deduction under Section 80-IC of the Income Tax Act because it...
Notices Issued to Senior Execs Earning Over Rs. 50 Lakh for Alleged Misuse of Income Tax Exemptions
Underreporting and false claims are among the primary reasons why CEOs and MDs are receiving notices from tax authorities. Focus remains on foreign assets, overseas income, and inflated allowances. High-earners are being requested to revise tax returns as part of a government initiative for better tax compliance.
Kavi Priya
Yogitha S. Yogesh
Rupesh Sharma
Saagarika Gopinath
