ITAT Ahmedabad upholds PCIT's Section 263 order, ruling that tax depreciation must comply with Explanation 10 to Section 43(1) and ICDS-VII. Unadjusted Government grants must reduce WDV, regardless of ...

Tribunal held that goodwill arising from court-approved amalgamation is a depreciable intangible asset. AO & CIT(A)’s disallowance based on colourable device allegation was ...

Political donations from an LLC to candidates, PACs, or campaigns are not deductible. Charitable contributions by an LLC are ...

Depreciation is a crucial concept in finance, affecting both businesses and personal life. It measures the loss of value of ...

Old cars are cheap to live with. My auto insurance runs about $1,500 a year, compared with $2,600 or more for a new car. That ...

End-of-year accounting clean-up is essential for your farm’s financial health and for tax preparation. Since there are many ...

IN ARTIFICIAL INTELLIGENCE, billions are so 2022. Three years after ChatGPT ignited the AI boom, the business is all about trillions. The market value of Microsoft, whose Azure cloud has a glistening ...

Honeywell’s 2025 Global Business Aviation Outlook projects 8,500 new jets worth $283B over the next decade, driven by ...

Short-seller Jim Chanos targets CoreWeave ($CRWV), arguing the AI firm has "0% ROIC" based on its CEO's own statements on ...

DoorDash, Inc. surged 95% in the past year, driven by its shift to profitability & improved operational efficiency. Learn ...

Beginning in September transforms budgeting from an accounting exercise into a leadership discipline. It creates the time and structure to align ambition with strategy, test assumptions before they ...

Japan's biggest airline, ANA, has turned to billions of dollars in loans and a government tourism campaign to weather the slump in air travel and could take advantage of accounting rules to avoid ...