1

Commissioner (A) is not empowered to enhance income a new source of income vide 82ITR 9Trib) 176
1

It is assessee’s choice to select a method for determining FMV of shares vide 81 ITR (Trib) (SN) 78
1

No TP adjustment of trade receivables in case of a debt-free company vide 81ITR (Trib) (SN) 94
1

To accord registration as a charitable institution under income tax dominant purpose must be charitable and satisfies the conditions laid down us 2(15) vide 426ITR108 despite having non charitable ancillary objects meant to achieve the dominant purpose
1

Transactions with dubious entities is reason enough for case reopening vide 421ITR624

Valuation of Perks Series I

ByCA Gopal Nathani

Sep 2, 2020

The CBDT in their Circular No. 15/2001 dated 12.12.2001has issued directions and clarifications to the employers as to the computation of taxable salary. We deal with the new insertions in a series of daily updates.