Directors of NCLT lead companies held accountable for tax arrears of companies
Section 179 provide for recovery of taxes from directors in the event of no recovery possibilities from the company. Taking…
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Today's
Directors of NCLT lead companies held accountable for tax arrears of companies ......Read More
Yesterday's Revised return capping – a statutory handicap ......Read More
Yesterday's Revised return capping – a statutory handicap ......Read More
Revised return capping – a statutory handicap
The income tax return once filed can be revised for any missing claims or deductions no later than three months…
......Read MoreRevenue has no authority to change stands
An appeal is a continuation of assessment proceedings. On the question whether payments for interconnect services and bandwidth transfer in…
......Read MoreDuty of taxpayer
The Kerala High Court in Koduvayur Constructions v. Assistant Commissioner-Works Contract [WP(C) No. 21212 of 2023] dated 7 August 2023…
......Read MoreLoan waivers – another controversy
Pune bench in (2023] 106 ITR (Trib) 342 (ITAT[Pune) in a transaction of negotiated settlement of borrowing in the case of real…
......Read MoreNotional Provisions are not taxable even if so appearing in 26AS
Only because the other party has made a notional provision in its books and made a deduction of tax and…
......Read MoreUnbecoming of Tribunal
The Kolkata bench of ITAT in [2023] 32 ITR (Trib)-OL 533 (ITAT[Kolk]) held that the income earned from testing services is taxable…
......Read MoreReassessment of reassessment
In [2023] 456 ITR 709 (Del) the reasons to believe were provided to the taxpayer after a gap of one and…
......Read MoreCandid stay
In the matters of grant of stay the authorities have to exercise their wisdom keeping into account interest of both…
......Read MoreGuess inquiry at the instance of Commissioner
Because of the meticulous keeping of cash book by a credit co-operative society in (2023] 32 ITR (Trib)-OL 378 (ITAT[Bang])…
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