difference between accounts and books of account
Deleting an addition on account of deposit of cash in bank account the Tribunal in [2019] 14 ITR (Trib)-OL 785…
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Provision for doubtful debts is held admissible deduction u/s36(1)(vii) ......Read More
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Additional ground statutory deduction
The delhi ITAT in [2021] 23 ITR (Trib)-OL 170 (ITAT[Del]) admitted an additional ground no matter not pressed before the…
......Read MoreFailure to make disclosure – contractor case
In (2021] 433 ITR 48 (Mad) the assessee contractor followed the percentage of completion method of accounting for recognition of…
......Read MoreAssessing/Appellate authority is not taxpayer’s ‘opponent
The Madras High Court in State of Tamil Nadu v. Arulmurugan and Co. [1982] 51 STC 381,392 in explaining the…
......Read MoreRule of consistency
The Supreme Court in [2015] 5 ITR-OL 277 (SC) held that rule of consistency is supreme unless the revenue could…
......Read MoreAssessing/Appellate authority is not taxpayer’s ‘opponent
The Madras High Court in State of Tamil Nadu v. Arulmurugan and Co. [1982] 51 STC 381,392 in explaining the…
......Read MoreTreaty shopping within framework of law
The AAR in [2021] 434 ITR 180 (AAR) is required to answer a question whether the capital gains on the…
......Read MoreTelescoping of expenses and matching principle benefit entitlement in a search case
Here is a case of a real estate dealer reported at [2021] 434 ITR 97 (Kar) in whose case the…
......Read Moreomnibus show-cause notice
The full bench of the Bombay High Court in [2021] 434 ITR 1 held that penalty initiation during assessment proceedings…
......Read Morenon-resident commission agents qua source rule
Following Supreme Court decision in CIT v. TOSHOKU LTD. [1980] 125 ITR 525 and the source rule principle the Karnataka…
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