Question of stay – What is a speaking order?
Vide [2021] 17 ITR-OL 66 (Kar) it is incumbent on the Principal Commissioner of Income-tax to decide on the application…
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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
No tax withholding on Export commission
The Kerala High Court in [2021] 17 ITR-OL 69 (Ker) read into the expanded scope of section 5(2) to the…
......Read MoreWhen the power of remand can be exercised?
In a penny stock companies case [2021] 17 ITR-OL 86 (Mad)both the AO and CIT (A) are found to have…
......Read MoreAdditional ground- legal contentions
Vide [2020] 21 ITR (Trib)-OL 1 the Delhi ITAT held that where an issue raised by the assessee is purely…
......Read MoreLoss on sale of depreciation assets is held deductible under head business- Deeming provisions reread
In a landmark ruling the Madras High Court in [2021] 17 ITR-OL 12 (Mad) held that an assessee is entitled to…
......Read MoreAd hoc disallowance of the expenditure upheld
In the case of T ATA COFFEE LIMITED ( 2021] 17 ITR-OL 1 (Kar) the assesses suffered disallowance out of entertainment,…
......Read MoreCorpus donation
The Delhi High Court in [2013] 1 ITR-OL 512 (Del) held that where a charitable organization received donations towards its…
......Read MoreWhen and how a retraction to surrender be made
In [2017] 10 ITR-OL 539 (Raj) when the assessee was asked to produce the donor she finally agreed to surrender…
......Read MoreWhat is agricultural land?
The Income tax Act does not define the term ‘agriculture’. The A O in Shankar Dalal v CIT [2017] 10…
......Read MoreLoss on account of failure to file return
Under section 147 of the Income tax Act the assessing officer has powers to reopen cases where income has escaped…
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