Year of Deduction
In the case of Dy. CIT v. Ganesh Chhababhai Valabhai Patel Family Trust (108TAX78) the assessee did not provide for…
......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
Penalty u/s 271(1)(c)
Full and true disclosure of income is a primary obligation of the assessee. Any omission in this regard may lead…
......Read MoreReview/Rectification of order u/s 260(1)- Hotel/Theatre Business
In the case of Sasidhara Shenoy & Bros. V. Dy. CIT (108TAX116)(Ker.) the assessee owning a theatre claimed depreciation…
......Read MoreInterest Income
Recently following the ‘Tuticorin’ case the Kerala High Court in the case of CIT Vs Cochin Shipyard Limited (108TAX112) held…
......Read MoreClubbing of Spouse Income
In the case of CIT v. Smt. Pratima Saha (108TAX7) the assessee was drawing a salary as nurse cum supervisor…
......Read MoreLevy of Interest u/s 234A,B & C
In an exparte ruling in the case of CIT v. R. Rammalingair (108TAX1) the Kerala High Court held that levy…
......Read MoreObligation to Deduct Tax at Source u/s 192
In the context of doctors who visit medical institutes/nursing homes as specialists on specified dates and also on emergency basis…
......Read MoreTaxation of Oman Resident
The Authority for Advance Ruling (AAR) in petition no. 34(107TAX610) held that the applicant, an Oman resident who is not…
......Read MoreOrder Prejudicial to Interest of Revenue
In the case of Mitul Construction (P.) Ltd. V. Dy. Commissioner of Income tax (107TAX247) the assessee started the construction…
......Read MoreCapital or Revenue Expenditure
The Delhi High Court in the case of Dalmia Dairy Industries Ltd. v. CIT (107TAX544) held that despite the…
......Read More