MAT provision : The purpose of section 115JB for MAT is not to tax any income or receipts not otherwise taxable under the Act.
MAT provision : The purpose of section 115JB for MAT is not to tax any income or receipts not otherwise…
Income Tax
Depreciation is not to be considered while computing disallowance under section 14A
Depreciation is not to be considered while computing disallowance under section 14A Short Overview : Depreciation claimed by assessee under…
Re-opening simply in view of an advisory issued by department to thoroughly verify agricultural income without any tangible is not justified
Re-opening simply in view of an advisory issued by department to thoroughly verify agricultural income without any tangible is not…
Invoking of the provisions of section 194H and 40(a)(ia) to disallow salary expenditure incurred by assesse by treating it as commission paid for selling goods on the basis of presumption is not justifiable.
Invoking of the provisions of section 194H and 40(a)(ia) to disallow salary expenditure incurred by assesse by treating it as…
Whether supply of spare parts / accessories and repair service where principal supply is repair service is taxable at 18% or not as a composite supply ?
Whether supply of spare parts / accessories and repair service where principal supply is repair service is taxable at 18%…
Why You Need PAN ? Where quoting PAN is Mandatory ?
Why You Need PAN ? Where quoting PAN is Mandatory ? PAN card is must in the following cases: 1)…
Validity of Penalty under section 271(1)(c) towards addition of bogus purchases
Validity of Penalty under section 271(1)(c) towards addition of bogus purchases Short Overview : Where assessment was framed by AO…
Fresh claim can be made in return filed under section 153 A , which was not claimed in original return
Fresh claim can be made in return filed under section 153 A , which was not claimed in original return…
Landmark Judgment – Prize money won in lucky draw wouldn’t amount to lottery income: ITAT
Landmark Judgment – Prize money won in lucky draw wouldn’t amount to lottery income: ITAT Tripura State Electricity Corporation…
Judgment with a Difference : Disallowance @ 30% of expenditure u/s Sec. 40(a)(ia) towards TDS default is retrospective in Nature
Judgment with a Difference : Disallowance @ 30% of expenditure u/s Sec. 40(a)(ia) towards TDS default is retrospective in Nature…
Soon, Income Tax Department to issue PAN Instantly
Soon, Income Tax Department to issue PAN Instantly
Whether Penalty under section 271D is leviable on Cash loan received from father
Whether Penalty under section 271D is leviable on Cash loan received from father Short Overview : Since assessee had given reasonable…
Validity of penalty for Non-compliance of notice issued under section 142(1)/143(2) if Notices sent to old address of assessee-company
Validity of penalty for Non-compliance of notice issued under section 142(1)/143(2) if Notices sent to old address of assessee-company Short…
Validity of Addition made pursuant to search operation on the same subject matter, which was examined during original assessment
Validity of Addition made pursuant to search operation on the same subject matter, which was examined during original assessment Short…
No Tax deduction at source under section 195 towards Fees for technical services if No technical knowledge made available by the supplier of services
No Tax deduction at source under section 195 towards Fees for technical services if No technical knowledge made available by…
System driven E-Assessment scheme to make 360 degree change in the working of Income Tax Department (II)
System driven E-Assessment scheme to make 360 degree change in the working of Income Tax Department (II) In the last…
Addition towards on money in the property transactions without an opportunity of cross examination is a serious flaw and will render order as nullity
Addition towards on money in the property transactions without an opportunity of cross examination is a serious flaw and will…
