Powers of CIT (A) in enhancement of income in respect of natter not at all considered by AO in the course of assessment
Powers of CIT (A) in enhancement of income in respect of natter not at all considered by AO in the…
Income Tax
Validity of reassessment if No valid service of section 143(2) notice
Validity of reassessment if No valid service of section 143(2) notice Short Overvivew : Clearly, notice under section 143(2) can only…
Very Practical Issue : Validity of addition on non-CASS issues without obtaining due permission from superior authorities
Very Practical Issue : Validity of addition on non-CASS issues without obtaining due permission from superior authorities Short Overvivew : Addition…
When law doesnot meet logic – Presumptive taxation scheme u/s 44AD
When law doesnot meet logic – Presumptive taxation scheme u/s 44AD Ease of business & simplicity of tax laws are…
WHETHER DEPRICIATION ALLOWABLE EVEN IF THE UNIT IS CLOSED?
WHETHER DEPRICIATION ALLOWABLE EVEN IF THE UNIT IS CLOSED? The assessee had two divisions, one at Dombivili and the other…
Expenses on ball pens, medical gifts given to doctors with logo of Pharma co. not to be treated as freebies
Expenses on ball pens, medical gifts given to doctors with logo of Pharma co. not to be treated as freebies…
CBDT FURTHER INCREASES MONETARY LIMITS FOR FILING OF APPEAL
CBDT FURTHER INCREASES MONETARY LIMITS FOR FILING OF APPEAL There is a substantial pendency of appeals of the Income Tax…
Expenses on ball pens, medical gifts given to doctors with logo of Pharma co. not to be treated as freebies
Expenses on ball pens, medical gifts given to doctors with logo of Pharma co. not to be treated as freebies…
Incentivising of CIT(A) was not proper, Accepts CBDT
Incentivising of CIT(A) was not proper, Accepts CBDT CBDT-OM-CsITA-Incentives
ITAT allows tax relief of Rs. 5 crore to actor Shilpa Shetty
ITAT allows tax relief of Rs. 5 crore to actor Shilpa Shetty CASE LAW: Shilpa Shetty Vs ACIT (ITAT Mumbai)…
DEDUCTION ALLOWABLE FOR PREDECESSOR’S DEBT WRITTEN OFF AS BAD DEBT
DEDUCTION ALLOWABLE FOR PREDECESSOR’S DEBT WRITTEN OFF AS BAD DEBT A successor of the firm which has taken over the…
REIMBURSEMENT OF EXPENSE FOR CONDUCTING EXAMS – WHETHER LIABLE TO TDS?
REIMBURSEMENT OF EXPENSE FOR CONDUCTING EXAMS – WHETHER LIABLE TO TDS? As per the CBDT, the tax is to be…
ITC not available on cranes given on hire from H.O. to branch where payments are netted off against receivables
ITC not available on cranes given on hire from H.O. to branch where payments are netted off against receivables Sanghvi…
Income tax return cannot be treated as defective for belated reciept of ITR- V for carry for of losses
Income tax return cannot be treated as defective for belated reciept of ITR- V for carry for of losses Fibres…
Principle of valuing inventory at lower of cost or market price is applicable only if the business is continuing.
Principle of valuing inventory at lower of cost or market price is applicable only if the business is continuing. G.…
Whether section 44AD can be applied for few trucks and regular provision for other trucks?
Whether section 44AD can be applied for few trucks and regular provision for other trucks? The Dy. Commissioner Of Income…
Whether dis allowance u/s 40A, 43B etc permissible in case of taxpayer opting for presumptive scheme of taxation?
Whether dis allowance u/s 40A, 43B etc permissible in case of taxpayer opting for presumptive scheme of taxation? Mark Construction,…
Whether scrip-wise computation of Long Term Capital Gains (LTCG) from sale of Shares/Mutual Funds is required to be filled in ITR?
Whether scrip-wise computation of Long Term Capital Gains (LTCG) from sale of Shares/Mutual Funds is required to be filled in…
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