Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Taxpayer Must Disclose Cash-in-Hand, Bank Balances, and Receivables Even Under Presumptive Taxation Scheme: ITAT
Income TaxOther Legal Matters
The ITAT ruled that a taxpayer must disclose cash in hand, bank balances, and receivables, even under the presumptive taxation scheme. This clarifies the disclosure requirements for taxpayers opting for presumptive taxation. It ensures transparency in income reporting.
