When the income had arisen, the corresponding expenditure, even if is to be incurred subsequently, is to be allowed
An Excellent representation for Extension of due date for filing of Tax Audit reports, Transfer Pricing Audits and Income-tax returns by Jodhpur Tax Bar Association
The fact of deposit of cash of Rs.14.00 lacs and not filing of return of income by assessee, itself constituted a tangible material to form the belief that income assessable to tax had escaped assessment.
Taxation in Transfer of property under family settlement considering the fact that the word ‘natural love and affection’ have not been specified in section 56(2)(viib).
Validity of Reassessment if issue is not examined in original assessment : No recourse available to revenue to have a second innings
Trust engaged in management of liquid and solid wastes in Industrial area is eligible for exemption under Section 11