Loss sustained by the assessee due to fluctuation in foreign exchange while implementing export contract is incidental to assessee’s course of business, therefore, such a loss is not a speculative loss but a business loss: HC
Extend the time period regarding Legal and Statutory compliances in the second wave of Covid 19: PDH Chamber Of Commerce And Industry appealed to FM
Once books of account are rejected for want of supporting vouchers and details, then income of taxpayer is required to be estimated
Government extends certain timelines for Tax Compliance in light of the raging pandemicGovernment extends certain timelines for Tax Compliance in light of the raging pandemic
Whether turnover is relevant criterion for choosing entities as comparables in determination of ALP in transfer pricing cases?
Cutoff date for purpose of determining its taxability is date when assessee was found to be entitled to receive compensation and not date when it was actually received by assessee.
No purchases can be rejected without disturbing the sales in case of a trader thus, additions should be limited to the extent of brining the GP rate on purchases at the same rate of other genuine purchases
Validity of addition under section 56(2)(viib) against issue of shares at premium if AO adopted NAV method rejecting DCF method adopted by assessee
An excellent Representation by DTPA for disposal of appeals before the CIT (Appeals), continuation of physical hearings in ITAT and other Issues
Representation BY DTPA with regard to application of old tax rates due to filing form 10IC after submitting ITR but before due date filing ITR as per provisions of section 115BAA
Allowability of deduction towards expenses incurred during interregnum period between ‘setting up’ of business and commencement of business
Circular Giving Relaxation to Assessee whose GSTIN has been canceled during 15.3.2020 to 14.3.2021 under instruction from suo moto order of Hon’ble Supreme Court.
