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Company cannot Reclassify Expenditure as Revenue if Initially Claimed as Capital in Books: Madras HC [Read Order]
In a recent ruling, the Madras High Court ruled that a company cannot reclassify an expenditure initially recorded as capital in its books of...
![GST DRC-01 issued for Wrong Assessment Year: Madras HC quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/GST-DRC-01-Wrong-Assessment-Year-Madras-HC-Assessment-Order-taxscan.png "GST DRC-01 issued for Wrong Assessment Year: Madras HC quashes Assessment Order [Read Order]")
![Assessee Entitled to S.10B Income Tax Deduction even before Set-off of Unabsorbed Depreciation and b/f Losses: Madras High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Madras-High-Court-Income-Tax-Income-Tax-Deduction-Unabsorbed-Depreciation-Section-10B-Income-Tax-Act-Income-Tax-Act-taxscan.jpg "Assessee Entitled to S.10B Income Tax Deduction even before Set-off of Unabsorbed Depreciation and b/f Losses: Madras High Court [Read Order]")
No Court order is require to decide internal issue of Designated Committee: Madras HC directs Sabka Vishwas Scheme Designated Committee to issue discharge Certificate in Form-4
The Madras High Court held that no Court order is require to decide internal issue of the Designated Committee and directs Sabka Vishwas Scheme Designated Committee to issue discharge certificate in...
Assessing Officer shall wait for Disposal of Appeal when Revisional Order is challenged before ITAT: Madras HC [Read Order]
The Madras High Court has held that when a revisional order under section 263 of the Income Tax Act, 1961, is pending before the Tribunal, the Assessing Officer shall wait to initiate the proceedings...
![Assessing Officer shall wait for Disposal of Appeal when Revisional Order is challenged before ITAT: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/AO-Disposal-of-Appeal-Revisional-Order-ITAT-Madras-HC.jpeg "Assessing Officer shall wait for Disposal of Appeal when Revisional Order is challenged before ITAT: Madras HC [Read Order]")