CIT vs. Soutern Explosives Co

Recent Posts

• Taxability of ESOPs:
• Mere Disagreement Doesn’t Justify invocation of Section 263 Revision Power: Madras HC
• No liability where contract is cancelled before supply of goods
• Details to be filled while filing ITR with foreign assets:
• Taxation on Sale of Agricultural Land in India: A Short Overview
• Addition towards cash deposits during demonetization deleted by ITAT as it was adequately explained based on the facts and nature of the business
• Stamp duty valuation under Section 50C or 43CA cannot be substituted & only the actual sale consideration should be reduced from WDV for depreciation purposes
• PAN 2.0 Project Approved – Project outlay of 1435 crores
• The failure to issue a show cause notice constituted a significant procedural defect – Assessment Order quashed by Bombay HC
• Order under section 87A by CIT – Appeal: The Controversy to continue