ITAT Surat held that addition under section 69C towards undisclosed income, alleging agricultural expense met from undisclosed income, not justified since the only source of income of the assessee is ...

A company can have positive cash flow while reporting negative net income—due to depreciation, sale of an asset, and accrued expenses.

ITAT Delhi held that disallowance @10% of personnel expenditure not justified since AO mistakenly presumed expenses claimed by assessee as personal expenditure instead of personnel expenditure. Thus, ...

Under current accounting standards, the income statement generally presents expenses under broad functional captions ... and sells securities to customers in the context of customer-order facilitation ...

Macy’s has delayed the release of quarterly results after the US retailer revealed an employee had hidden at least $132mn of expenses related to customer deliveries over the past three years.

Operating income is located farther down the statement after deducting expenses associated with operating for the year. The biggest expenses were $8.2 billion attributed to the cost of goods sold ...

Last night, we issued our Q4 financial statements ... income for the fourth quarter was $7.9 million or $0.55 per share, compared to $7.4 million or $0.58 per share in the prior quarter. Total ...

Criswell said in a statement after the Daily Wire first reported on Washington's order that it was "reprehensible" and "a clear violation of FEMA's core values and principles." "I'm just simply ...