NATURE OF INCOME DETERMINES DEDUCTIBILITY OF EXPENSES !!
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Query 1] I have following query about Income Tax implication for my earnings. I am pensioner and getting pension which…
Month: October 2013
Recent Posts
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- Audit Memo do not fall within the ambit of the term “information” as provided in Explanation 1 to Section 148 of the Act w.r.t Finance Act 2021
- Penalty cannot be imposed on disallowance of 80P claim which is highly debatable
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- Since Appellant acted in a bona fide manner and made necessary adjustments by the end of the financial year, there is no liability of interest under section 201(1A): ITAT Mumbai
- Penny stock addition deleted by ITAT Mumbai as no role has been attributed and/or established qua rigging of the shares
- Interest reimbursed to the sister concerns is not an income & there is no statutory obligation to deduct TDS under Section 194A: ITAT Mumbai
- Liabilities disclosed in the balance sheet by the assessee, if acknowledged and supported with evidence, cannot be treated as remission or cessation of liability under Section 41(1) of the Income-tax Act, 1961: ITAT Delhi
- Income offered by Husband and Wife separately in the ITR & TDS credit claimed by Husband Only: ITAT Mumbai allows the TDS Credit
