depreciation on storage

Recent Posts

• When Data Speaks Louder Than Returns: Your Next Steps as a Taxpayer (Part 2)
• TDS on GST: Whether Tax Should Be Deducted on Gross Amount or GST-Exclusive Amount? A Complete Analysis under Sections 194C and 194J of the Income Tax Act, 1961
• Allahabad High Court rules that Speed Post is not equivalent to Registered Post for Section 148 notice service
• Here is another judgement on S.87A rebate on special income under new tax regime.
• Intimation under Section 143(1) cannot be issued after 9 months from the end of the FY in which the return is filed: ITAT
• Section 115BAA overrides all rate provisions, potentially disregarding special tax treatments under sections like 111A, 112, and 115BB: Delhi ITAT
• ITAT deleted addition due to invalidity of proceedings under Sections 147/148 and improper transfer under Section 127
• TDS not applicable on commission to NRI agents procuring foreign customers
• AO neither rejected the books nor conducted verification under Section 133(6): ITAT deleted addition under Section 68
• When sales are accepted as genuine, the corresponding purchases cannot be disallowed unless there is tangible evidence proving manipulation or falsity