Alternate pleas before CIT(A) untenable
By the High Court in [2021] 438 ITR 227 (Ker) it is held that without a revised return being filed…
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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
What does opportunity means in judicial terms
In a high profile case @ 436 ITR 340 the department invoked actions under section 153C and 148 both of…
......Read MoreReopening a case based on return is flawed under the law
To successfully manage reopening it is desirable for AO to meet the following four broad parameters : the conditions stipulated…
......Read MoreCorporate guarantee
The Tribunal in [2021] 25 ITR (Trib)-OL 1 (ITAT[Ahm]) after admitting that in case of an associated enterprise the guarantee…
......Read MoreHigher education in partnership setting is no personal to partner
By the decision of the Madras High Court carrying citation (2021] 18 ITR-OL 236 (Mad) even costs incurred for acquiring…
......Read MoreEssentials to tax JDA
Vide [2017] 398 ITR 531 (SC) the Apex Court held that the object of section 2(47)(vi) is to bring within…
......Read MoreVoluntary expenditure under long term interest of business
Section 37(1) is basket section which can hold any kind of expenditure other than personal and capital expenditure. Vide…
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