Month: October 2020

Whereby virtue of any agreement, settlement, trust, covenant, agreement, gift deed or any other arrangement for transfer, income arises to…

In Emmerich Jaegar v. CIT (2005)274ITR125 the assessee non-resident claimed benefit under an exception (exemption) provision of Article 14(2) under…

A new law called ‘THE BLACK MONEY (UNDISCLOSED FOREIGN INCOME AND ASSETS) AND IMPOSITION OF TAX ACT, 2015’ is passed…

By the Gujarat High Court decision in 276ITR165 an intimation u/s 143(1) is not an order of assessment hence a…

During assessment of charitable institutions ( other than religious institutions) the assessee is expected to prove the identity, creditworthiness, genuineness…

For the first time, the AAR in Mohsinally Alimohammed Rafik, In re (1995) 213ITR317 held a view that a UAE…

Dictionary meaning   An order that suffers from perversity is bound to fail in the ultimate test before Supreme Court.…

The M P High Court in 278ITR345 held that to be an allowable expenditure within the provisions of section 37(1)…

Not all repairs are entitled to the deduction. When one is using the premises of its own then the law…

The Gujarat HC in 426ITR146 held that reopening on the basis of reanalyzing of the existing material is nothing but…