Controversy over existence of seized “incriminating material” for re (assessment) under section 153A/153C of the Income Tax Act laid to rest by the Hon’ble Supreme Court!
AO cannot make an ad hoc disallowance of expenses for want of support for each expense without pointing to defects in vouchers on a sample basis
If the Assessing Officer has followed a decision of the High Court holding the field, the order of the Assessing Officer cannot be said to be erroneous
When addition has been made under the Black Money Law, double addition cannot be made under Income Tax Act: ITAT Delhi
Whether diminution in the value of investment is eligible for deduction while computing book profit u/s 115JB?
Can dividend distribution tax under Section 115-O of Income-tax Act, 1961 be levied in respect of the dividend declared out of agricultural income?
For a company to be a “Resident” in India, Domicile or Registration is irrelevant; test is where De Facto Control Lies : Supreme Court.
Claim of sec. 54 benefit couldn’t be denied just on ground that same wasn’t claimed in ITR filed by assessee: ITAT
Applicability of TDS on salary to employee) deputed by the Foreign Co in relation to work of Indian Subsidiary, which is reimbursed on cost to cost basis
Whether prior period expenditure can be claimed as an expenditure in the year in which the liability crystallises?
While determining the arm’s length price, the Tribunal has to follow the guidelines stipulated under Chapter X of the IT Act.
Classification is responsibility of supplier, purchaser is not obliged to indicate classification of goods he is purchasing.
