Supreme Court Clarifies Tax Deductibility of Grants by National Cooperative Development Corporation: National Co-operative Development Corporation vs. Commissioner of Income Tax, Delhi-V (2020) INSC 649 (11 September 2020)

/ Income Tax Act, 1961, Income Tax Act, 1961 with Section 37, Income Tax Act, 1961 with Section 56, Indu Malhotra, Judges, National Co-operative Development Corporation Act, 1962, National Co-operative Development Corporation Act, 1962 with Section 13, Sanjay Kishan Kaul

Supreme Court Clarifies Tax Deductibility of Grants by National Cooperative Development Corporation Date of the Judgment: 11 September 2020 Citation: (2020) INSC 649 Judges: Sanjay Kishan Kaul, J., Indu Malhotra, J. Can a government entity deduct grants given for its business purposes from its taxable income? The Supreme Court of India addressed this question in […]

Supreme Court Clarifies Tax Deductibility of Grants by National Cooperative Development Corporation: National Co-operative Development Corporation vs. Commissioner of Income Tax, Delhi-V (2020) INSC 649 (11 September 2020) Read Post »