Tag: #expenditure

STANDING LAWS DO NOT ENVISAGE A PARENT WHO MAY HAVE INCURRED EXPENDITURE IN THE UPBRINGING OF A CHILD BEING VIEWED AS A CREDITOR: DELHI HC

-Report by Sakshi Tanwar The current petition for Letters of Administration has been filed by the mother [petitioner no.1], father [petitioner no.2], and brother [petitioner no.3] of the late Dr....

INTEREST EXPENSE CANNOT BE DISALLOWED UNDER ANY CIRCUMSTANCES: BOMBAY HC

–Report by Shreya Gupta In any circumstances, the interest expense cannot be denied u/s14A r.w. Rule 8D(2)(ii) of the IT Act. The disallowance made by adopting Rule 8D is not only opposed...