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 ...

Because the income statement "resets" each year, all revenue and expense activity is transferred out of nominal accounts and into real accounts on the balance sheet. Each period, net income from ...

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 ...

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 ...

In the case of Raj Rani vs. Income Tax Officer (ITO), the Income Tax Appellate Tribunal (ITAT) Delhi bench set aside an ex-parte assessment order after it was found that assessment notices were not ...