Sale of assets after valuation and the adjustment by the TPO by resorting to CUP method cannot be a ground for levy of penalty u/ s 271(1)(c).
Services under the MSA leverage on the Assessee’s technical and technological expertise and, therefore, are in the nature of technical/consultancy services under Art 13.4(c) of India-UK Tax Treaty.
Increase in Tolerance band 5% to 10% in stamp duty valuation for the purpose of section 50C is retrospective in nature.
If assessee did not produce any material to prove that amount seized during the search, did not belong to it but belonged to some other person, addition made
Income from business or Income from short-term capital gains if few Equity shares are disclosed as investments?
Satyam computers confession: Validity of Re-opening/ Re- assessment of family member’s income by Income Tax Authorities
Provisions & Sections to be complied by the Non Resident planning to set up the business in India & Resident dealing with the Non Resident: A compilation
