From the Court Room
In an interesting case, the Delhi High Court has held that that heart need not be used by a human being as a tool for his trade or professional activity!
A leading advocate has incurred expenditure for a by-pass surgery and claimed it as an expenditure incurred for repairing a plant. He argued that the repair of his vital organ impacted his professional practice which was resulted in increased income from profession after the surgery.
We all knew for sure that most of the professionals do not use their heart at all, while dealing with the client. And the decision of the Delhi High Court reiterated that General Rule.
In the News
The Central Board of Direct Taxes is planning an intensive initiative to recover monies due to the exchequer locked up in appeals.
As per the estimate of CBDT, Rs. 1,73,000 crores of demand is stuck in the Commissioner of Income tax (Appeals) stage and Income Tax Appellate Tribunal stage. This is more than the illegal income alleged to be siphoned out of
Definitely, we can expect a speedy disposal of appeals by the appellate authorities.
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