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…
Income Tax
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…
Whether providing service by branch office in one State to the head office in another State through employees who are common to the company constitute supply of service in terms of Section 7
Whether providing service by branch office in one State to the head office in another State through employees who are…
Lapses in Audit Report : Rs 1 Cr Pending imposed by NFRA
Lapses in Audit Report : Rs 1 Cr Pending imposed by NFRA Government of India National Financial Reporting Authority **************************…
Expression “purchased” would undoubtedly connote the domain and control of the property for capital gain exemption U/s 54
Expression “purchased” would undoubtedly connote the domain and control of the property for capital gain exemption U/s 54 AP…
Section 148 notice dated 31st July, 2022 relevant to the Assessment Year 2013-14 issued under Section 148 not sustainable in terms of the first proviso to Section 149(1)(b)
Section 148 notice dated 31st July, 2022 relevant to the Assessment Year 2013-14 issued under Section 148 not sustainable in…
Investment in One property can be adjusted against Capital gains on sale of multiple properties
Investment in One property can be adjusted against Capital gains on sale of multiple properties Case Detail: Muthu Daniel…
Capital Gain Exemption: What if the transaction is not completed within the specified time period
Capital Gain Exemption: What if the transaction is not completed within the specified time period Any capital gain arising…
Highest direct tax buoyancy in 15 years recorded in FY22 : CBDT
Highest direct tax buoyancy in 15 years recorded in FY22 : CBDT The CBDT has said that direct tax buoyancy…
Non-registration of agreement to sale etc. does not disentitle assessee to claim benefit u/s 54F.
Non-registration of agreement to sale etc. does not disentitle assessee to claim benefit u/s 54F. In the case of Muthu…
Reassessment Notice U/s 148A: Checklist for the taxpayers
Reassessment Notice U/s 148A: Checklist for the taxpayers There are many cases where the taxpayers have received notices for reassessment…
Indian Supreme Court decided not to interfere with Delhi High Court’s ruling related to validity of reassessment proceedings for Assessment Year 2013-14
Indian Supreme Court decided not to interfere with Delhi High Court’s ruling related to validity of reassessment proceedings for Assessment…
Fairness and impartiality are the bedrock of our justice system, and it is essential that they are upheld at every stage of the process of Assessment : Pune ITAT
Fairness and impartiality are the bedrock of our justice system, and it is essential that they are upheld at every…
Test of residence under the Income Tax Act is the de facto control: SC
Test of residence under the Income Tax Act is the de facto control: SC Mansarovar Commercial Pvt. Ltd (CA…
Madras High Court Quashes Reassessment Made After The Limitation Period
Madras High Court Quashes Reassessment Made After The Limitation Period 1681048086546 (1)
Amendment for section 10(10D) and section 56(2)(xiii) by Finance ACt 2023
Amendment for section 10(10D) and section 56(2)(xiii) by Finance ACt 2023 Sum received under life insurance policy (LIP)…
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