Allowability of deduction towards Foreign travel expenses of director
Allowability of deduction towards Foreign travel expenses of director There was an interesting case regarding the allowability of deduction…
Income Tax
Interesting Case: Validity of addition on account of difference in cost of construction as shown by assessee and as valued by the valuation officer
Interesting Case: Validity of addition on account of difference in cost of construction as shown by assessee and as valued…
Fine of Rs. 25,000/- imposed on the officer personally for delay in filing SLP. If the Government suffers losses, it is time when the concerned officer responsible for the same bears the consequences: Supreme Court
Fine of Rs. 25,000/- imposed on the officer personally for delay in filing SLP. If the Government suffers losses, it…
Compilation of problems being faced in relation to New Income Tax Portal: An excellent representation by District Taxation Bar Association (Direct Taxes), Ludhiana
Compilation of problems being faced in relation to New Income Tax Portal: An excellent representation by District Taxation Bar Association…
Respected Hon’ble Prime Minister Sir, Why Infosys? Why not cancel the deal? Why not restore the old portal?
Respected Hon’ble Prime Minister Sir, Why Infosys? Why not cancel the deal? Why not restore the old portal? Publicly,…
Considering the definition of ‘member’ under the Kerala Act, loans given to nominal members would qualify for deduction u/s 80P(2)(a)(i): Supreme Court
Considering the definition of ‘member’ under the Kerala Act, loans given to nominal members would qualify for deduction u/s 80P(2)(a)(i): Supreme…
Respected Hon’ble Prime Minister Sir, Why Infosys? Why not cancel the deal? Why not restore the old portal?
Respected Hon’ble Prime Minister Sir, Why Infosys? Why not cancel the deal? Why not restore the old portal? …
Applicant should not suffer due to technical glitches in filing Form GST Tans-1: Gujarat HC
Applicant should not suffer due to technical glitches in filing Form GST Tans-1: Gujarat HC Gujarat High Court in…
Commuted, discounted lease rent is deductible in the year of payment: Delhi HC
Commuted, discounted lease rent is deductible in the year of payment: Delhi HC Coforge Limited v. ACIT [2021] 128 taxmann.com 99 (Delhi…
An apt Memorandum on the problem being faced in relation to New Income Tax Portal by Chartered Accountants Association, Jalandhar
An apt Memorandum on the problem being faced in relation to New Income Tax Portal by Chartered Accountants Association, Jalandhar…
The real Tax Terrorism: Taxpayers unable to file Trust Registration forms, Appeal, Rectification application u/s 154, etc.
The real Tax Terrorism: Taxpayers unable to file Trust Registration forms, Appeal, Rectification application u/s 154, etc. There…
Every legitimate and genuine act on the part of the taxpayer resulting in reduction of tax liability cannot be treated as device for avoidance of tax
Every legitimate and genuine act on the part of the taxpayer resulting in reduction of tax liability cannot be treated…
When there was no material on record to prove that any interest was paid for earning tax-free income under s. 10(33), no disallowance could be made by invoking s. 14A.
When there was no material on record to prove that any interest was paid for earning tax-free income under s.…
Deferred sales tax liability credited by assessee under capital reserve account was a capital receipt & could not be termed as remission/cessation of liability for levy of income tax
Deferred sales tax liability credited by assessee under capital reserve account was a capital receipt & could not be termed…
Compulsory Withdrawal From Composition Levy FAQs
Compulsory Withdrawal From Composition Levy FAQs What is meant by Compulsory Withdrawal from Composition Levy? A taxpayer can opt…
FAQ on Submitting Refund Pre-Application Form
FAQ on Submitting Refund Pre-Application Form 1. What is Refund Pre-Application Form? Refund Pre-Application is a form, which need to be…
If profit or loss of business carried on by wife or minor children is clubbed with assessee’s income then he is also entitled to set off his loss against such income.
If profit or loss of business carried on by wife or minor children is clubbed with assessee’s income then he is…
Where the plain literal expression of the statutory provisions produces manifestly unjust results, which could never have been intended by the legislature, the Court can modify the language to achieve the intention of the legislature and produce a rational construction.
Where the plain literal expression of the statutory provisions produces manifestly unjust results, which could never have been intended by…
