Delhi ITAT ruled that where sales are accepted, full purchase disallowance is unjustified. Citing Bombay HC, it restricted the addition for bogus purchases of Rs. 23.5 Cr to 12.5% profit element.

The ITAT Ahmedabad has deleted a ₹55 lakh addition made under the "accommodation entry" theory, ruling that the repayment of loans through banking channels negated any benefit to the assessee, thereby ...

The Bombay High Court has held that payments to consultant doctors are not salary. Hence, TDS is deductible under section ...

Is MS Dhoni preparing to debut in Bollywood? The question has gained traction on social media after former India skipper's appearance with R Madhavan in an action-packed teaser called 'The Chase' that ...

MUMBAI: Every year, rhythmic drum beats keep time to chants of “Ganpati Bappa Morya!” Lalbaug, in Central Mumbai, becomes the epicentre of faith, celebration and devotion. In a narrow lane in the ...

Moments before Charlie Kirk was fatally shot on stage at a Utah college, he was confronted with a question tied to one of his most contentious talking points. “Do you know how many transgender ...

As part of a “multi-step overhaul” of the naturalization process, the U.S. Citizenship and Immigration Services announced Wednesday that it is expanding and altering its Naturalization ...

(KRON) — Right-wing influencer Charlie Kirk was answering a question about transgender mass shooters at a university forum when he was fatally shot Wednesday. Kirk, a vocal supporter of President ...

HOUSTON — Umpires confiscated a bat used by Astros outfielder Taylor Trammell in the ninth inning of Thursday night’s game against the New York Yankees amid questions about its legality. Yankees ...

Charlie Kirk, a well-known conservative activist and ally of President Donald Trump, was shot dead at an event at Utah Valley University on Wednesday. Video of the incident circulating on social media ...