AO cannot ignore Adjournment request @ Income Tax Portal
In [2022] 440 ITR 607 (Mad) an order of assessment was passed without taking note of the request of the…
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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
Costs incurred after the date of purchase when qualifying for exemption
The AO in the reassessment proceedings in [2019] 14 ITR (Trib)-OL 672 (ITAT[Jai]) while evaluating a transaction for capital gains…
......Read MoreTrigger in Bad debts write off claims
Any bad debt write allowance come with a trigger. By the tax case reported at (2017) 54ITR (Trib) (SN) 8…
......Read MoreSubstantial Leasehold improvements qua extensive Renovation expenditure of 47 crores
In [2022] 93 ITR (Trib) 1 (ITAT[Del]) ( dominos and dunkin donuts chain of stores) one of the ground pertained…
......Read MoreDepartment cannot effect change in method of accounting adopted by taxpayer consistently
In the case of real estate developer in [2022] 19 ITR-OL 33 (Kar) the AO replaced the computation of profits…
......Read MoreSection 197 arbitrary order
The non resident company operating in international air traffic and enjoying treaty benefits having no taxable income sought a certificate…
......Read MoreShort TDS deduction leading to disallowance
The Hyderabad bench of ITAT in [2022] 26 ITR (Trib)-OL 88 held that section 40(a)(ia) is applicable only in those…
......Read MoreAuto component industry – product perfection/ development expenses held revenue
The taxpayer in[2020] 16 ITR-OL 468 (Mad) made claim for deduction of large expenditure totalling 11 crores on perfecting the…
......Read MoreTaxpayer can make good deficiencies in reassessment proceedings
In[2020] 15 ITR-OL 729 (MP) the revenue audit party pointed certain deficiencies in the taxpayers computation as regard claim for…
......Read MoreReopening qua short deduction of tax on payments to non residents
The disallowance scheme of section 40 come into effect as soon as there is any instance of default in deduction…
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