ITAT Chennai held that since there was sufficient own funds to make investment/advances to its subsidiary, the interest disallowance under section 36(1)(iii) was not warranted. Accordingly, AO ...
Tribunal held that freight amounts collected and passed on to airlines are mere reimbursements, not income. Only the assessee’s service margin is ...
The following is the complete text of the letter sent by the Freedom from Religion Foundation (FFRF) to McDowell County Commission Chairman Tony Brown and the other commissioners.
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