Refundable security deposit cannot be said to be of the nature of trade receipt & cannot be treated as in the revenue account
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Refundable security deposit cannot be said to be of the nature of trade receipt & cannot be treated as in…
Tax on security deposit
Recent Posts
- CIT(A) is duty bound to follow his predecessors order on similar issue decided in another case: Mumbai ITAT
- PMLA accused has a right to get copies of material not even relied on by ED: SC
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- Once the business receipts are accepted, no separate addition under Section 68 survives: ITAT Mumbai.
- Notice issued without complying with the CBDT instruction specifying the format for such notices is invalid
- ITAT Cancels Reopening for AY 2015–16 as Income Was Below ₹50 Lakh and Notice Issued Beyond 3-Year Limit
- The approval U/s 153D must reflect material, findings and reasoning to show that the higher authority has applied his mind before granting approval: Mumbai ITAT.
- An apt representation on the arbitrary and mechanical invocation of Section 74 of the CGST Act by GST Audit Commissionerates and DGGI
- CIT(A) has the power and discretion to accept the revised figures during appellate proceedings
- Principle of Consistency: ITAT directed to tax income from license fees as “Income from House Property”
