Judgement

Expenditure on updating existing products should be allowed as revenue expenditure: ITAT

No Fringe Benefit tax leviable when there is no actual contribution made to Approved Superannuation Fund

Interest expense on Interest-Free loan given to director disallowed by ITAT

ITAT condones minor delay of 12 min & 31 sec in filing ITR due to technical-snag in the Income Tax website

TDS Credit in case of cash system of accounting is allowed in the year when receipts are offered to tax: ITAT

Circulars

​Income Tax Circular regarding use of functionality under section 206AB and 206CCA