Fiction writing for Harini Nagendra is simply “returning to an old love,” says the award-winning writer, educator, researcher and ecologist at a recent book event held at the East Cultural Association, Indiranagar. Harini, who was in conversation with ECA book club‘s subcommittee member Gopalakrishna Damodar “Gopu” at the event, says that she wrote fiction as a young girl, even participating …
The Supreme Court has ruled that the interest income earned on fixed deposits made by Clubs in the banks which are members of those Clubs has to be treated like any other income from other sources within the meaning of Section 2 of Income Tax Act, 1961. The Court further said that the decision of the Division Bench of the …
The Supreme Court in its judgment delivered on Tuesday shared an interesting information about the connection between Bangalore Club and former Prime Minister of Great Britain, Winston Churchill. In the judgment delivered today, the Court held that 'Bangalore Club' is not liable to pay Wealth tax under the Wealth Tax Act. In 2013, in Bangalore Club v. CIT 5 SCC …
The Supreme Court has held that 'Bangalore Club', one of the oldest club in Bangalore, is not liable to pay Wealth tax under the Wealth Tax Act. In this case, the Income Tax Appellate Tribunal, setting aside the order of assessment by the revenue authority, had held that Section 21AA of the Wealth Tax Act would have no application to …