Confiscated goods cannot be claimed as a trading loss incidental to business: SC
Confiscated goods cannot be claimed as a trading loss incidental to business: SC The Commissioner of Income…
Income Tax
Controversy over existence of seized “incriminating material” for re (assessment) under section 153A/153C of the Income Tax Act laid to rest by the Hon’ble Supreme Court!
Controversy over existence of seized “incriminating material” for re (assessment) under section 153A/153C of the Income Tax Act laid to…
AO cannot make an ad hoc disallowance of expenses for want of support for each expense without pointing to defects in vouchers on a sample basis
AO cannot make an ad hoc disallowance of expenses for want of support for each expense without pointing to defects…
If the Assessing Officer has followed a decision of the High Court holding the field, the order of the Assessing Officer cannot be said to be erroneous
If the Assessing Officer has followed a decision of the High Court holding the field, the order of the Assessing…
Without pointing to defect in the vouchers, ad hoc disallowance of 10% cannot be made: ITAT Delhi
Without pointing to defect in the vouchers, ad hoc disallowance of 10% cannot be made: ITAT Delhi TPF Getinsa Euroestudios…
When addition has been made under the Black Money Law, double addition cannot be made under Income Tax Act: ITAT Delhi
When addition has been made under the Black Money Law, double addition cannot be made under Income Tax Act: ITAT…
Higher Rate of Tax collection at source on foreign remittances @ 20%
Higher Rate of Tax collection at source on foreign remittances @ 20% Query 1] I have a question…
Whether diminution in the value of investment is eligible for deduction while computing book profit u/s 115JB?
Whether diminution in the value of investment is eligible for deduction while computing book profit u/s 115JB? Calcutta High…
Can dividend distribution tax under Section 115-O of Income-tax Act, 1961 be levied in respect of the dividend declared out of agricultural income?
Can dividend distribution tax under Section 115-O of Income-tax Act, 1961 be levied in respect of the dividend declared out…
For a company to be a “Resident” in India, Domicile or Registration is irrelevant; test is where De Facto Control Lies : Supreme Court.
For a company to be a “Resident” in India, Domicile or Registration is irrelevant; test is where De Facto Control…
Addition cannot be made on the basis of messages from SMS or WhatsApp
Addition cannot be made on the basis of messages from SMS or WhatsApp between two persons unless there was…
Claim of sec. 54 benefit couldn’t be denied just on ground that same wasn’t claimed in ITR filed by assessee: ITAT
Claim of sec. 54 benefit couldn’t be denied just on ground that same wasn’t claimed in ITR filed by assessee:…
Applicability of TDS on salary to employee) deputed by the Foreign Co in relation to work of Indian Subsidiary, which is reimbursed on cost to cost basis
Applicability of TDS on salary to employee) deputed by the Foreign Co in relation to work of Indian Subsidiary, which…
Whether prior period expenditure can be claimed as an expenditure in the year in which the liability crystallises?
Whether prior period expenditure can be claimed as an expenditure in the year in which the liability crystallises? Calcutta…
While determining the arm’s length price, the Tribunal has to follow the guidelines stipulated under Chapter X of the IT Act.
While determining the arm’s length price, the Tribunal has to follow the guidelines stipulated under Chapter X of the IT…
Classification is responsibility of supplier, purchaser is not obliged to indicate classification of goods he is purchasing.
Classification is responsibility of supplier, purchaser is not obliged to indicate classification of goods he is purchasing. In UOI…
Amazing move by UP SGST:Circular issued to wear body-worn camera during inspection by GST Authorities
Amazing move by UP SGST:Circular issued to wear body-worn camera during inspection by GST Authorities circular_no_2324002
Whether mens rea is essential for levy of penalty under the taxation laws?
Whether mens rea is essential for levy of penalty under the taxation laws? State of Gujarat and Anr Vs…
