CBDT to validate Unique Document Identification Number (UDIN) generated from ICAI portal at the time of upload of Tax Audit Reports
Three sets of sales: accounted; unaccounted and partly-accounted: Income Tax Raid revealed Rs. 450 Cr of undisclosed income
Interest income on FDR’s pleaded as intrinsically connected with business of assessee- whether business income or income from other source?
Notional Taxation: Law as applicable as on the date of agreement required to be applied for taxing the income.
Reopening not justified when there is no evidence to show that there was escapement of income due to failure on the part of assessee to disclose fully and truly all material facts necessary for assessment
Surplus arising on prepayment of deferred sales-tax loan at NPV is a capital receipt which could not be termed as remission or cessation of a trading liability so as to attract income tax u/s 41(1).
Leasehold rights is not eligible for depreciation under section 32(1)(ii) considering it as intangible rights.
Partnership Deed not executed on requisite stamp paper : Whether salary to Partners can be disallowed?
Income Tax Search and Seizure Assessments- No universal application of the “extrapolation technique” in Search Assessments
Goodwill / customer contracts duly recorded in the audited financials are eligible for depreciation being intangible assets u/s 32(1)(ii)?
