Adhoc Provision
In the case of Hukumchand Jute & Industries Ltd. v. CIT (107TAX596) the assessee followed the mercantile basis of…
......Read More
Today's
Wrong reopening ......Read More
Yesterday's In no way the AO has power to question arm’s length pricing in unrelated party transactions ......Read More
Yesterday's In no way the AO has power to question arm’s length pricing in unrelated party transactions ......Read More
Exemption u/s 54
Thje Kerala High Court in the case of ITO v. K.C. Gopalan (107TAXC591) held that there is no restriction under…
......Read MoreCurable Defect
In a case before Kerala High Court in CIT v. Masoneilan (India) Ltd. (107TAX559) the return was not signed by…
......Read MoreRemission of Trading Liability
Following the full bench decision of the Apex Court in the case of CIT v. Bharat Iron & Industries (199ITR67/70TAX353)…
......Read MoreDeduction u/s 80HHC- Flight Kitchen Sales
The Mumbai Bench of the ITAT in the case of Indian Hotels Co. Ltd. v. DCIT (107TAX205) in quashing the…
......Read MoreWaiver Application u/s 220(2A)
In allowing the writ petition of the assessee in the case of J. Jayalalitha v. CIT the Madras High Court…
......Read MoreInterest Free Advance to Sister Concern
Under section 260A inserted by the Finance (No. 2) Act, 1998 an assessee can directly appeal to the High Court…
......Read MorePowers of Commissioner (Appeals)
The Delhi High Court in the case of CIT v. Union Tyres (107TAX447) before it a case of a new…
......Read MoreCertificate of Registration u/s 12A
Before the Gujarat High Court in the case of Adivasi Kheti Vikas Yojana v. CCIT (107TAX445) the registration certificate u/s…
......Read MoreRefund on Regular assessment
The Andhra Pradesh High Court in the case of CIT v. Bakelite Hylam Ltd. (107TAX429) held that the assessing officer…
......Read More