ITAT Mumbai held that disallowance of entire expenses alleging that assessee has not started its business activity till date ...
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It is one of the three primary financial statements all companies are required to have by law, along with an income ... a balance sheet lets stakeholders know if the business is solvent, meaning ...
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It said: “A defective return notice was wrongly issued on 29th Nov 2024 stating that income is offered under section 44AD, even though the gross receipts are more than Rs 2 crore and the balance sheet ...