Prior Period Expenses: No deduction if there is no evidence that expenses had been crystallized during the year
Prior Period Expenses: No deduction if there is no evidence that expenses had been crystallized during the year Short Overview…
evidence
Recent Posts
- AO Cannot Replace DCF Method with NAV Method for Share Valuation Under Section 56(2)(viib): Mumbai ITAT Deletes ₹36.54 Crore Addition
- Ahmedabad ITAT Draws a Clear Line: Agricultural Land Outside Section 2(14) Cannot Trigger Capital Gains, Section 50C or Tax on Alleged On-Money
- ITAT Quashes Reassessment for Defective Approval Under Section 151: Changing Escapement Figures Showed Non-Application of Mind
- 10 Things Taxpayers Must Know About the ₹12 Lakh Tax-Free Claim
- ITAT Grants Relief Under Section 80JJAA: Deduction Cannot Be Denied Merely for Non-Filing of Form 10DA Due to Technical Portal Limitation
- Is Silence by the Assessing Officer on an Adjournment Request During Assessment Proceedings a Violation of Principles
- ITAT Delhi Deletes ₹4.05 Crore Addition Under Section 68: Repayment of Earlier Advances Cannot Be Taxed Again
- Service of notice at wrong Email Service & Ignored Adjournment Held Violation of Natural Justice
- FORM 157: TAX CLEARANCE REQUIREMENT FOR LEAVING INDIA – NOT FOR EVERY TRAVELLER
- ITAT Hyderabad Deletes ₹14.16 Crore Addition: Third-Party Diary Entries & “Zero Inflation” Theory Rejected
