If co-operative society is dealing with non – members for loans and deposits, then benefit of section 80P cannot be allowed: SC in citizens Co-operative society ltd
Indian Income Tax Department does not have the data of Income Tax Return Filed? – Shocking Reply in response to the RTI Application
Anomaly in Limitation date for completion of Transfer Pricing Assessment Proceedings for AY 2018-19: An Excellent compilation by KSCAA
The legal right of a taxpayer to decrease the amount of what otherwise would be his taxes, or altogether to avoid them, by means which the law permits, cannot be doubted.
Brought forward Business Loss can be adjusted against capital gains from sale 9f Business Assets: Karnataka HC
If no exempt income is received or receivable on exempt income, no disallowance u/s 14A is warranted.
The word ‘production’ or ‘produce’, when used in juxtaposition with the word ‘manufacture’ takes in bringing into existence new goods by a process which may or may not amount to manufacture: Supreme Court
English decisions holding that incidence of tax could be avoided if permissible in law cannot be applied in Indian scenario and are obsolete
Madras HC denies transition of accumulated CENVAT credit from shut down factory in Tamil Nadu to new GSTIN in Andhra Pradesh
