Slight irregularities could mar reassessment
Vide [2022] 19 ITR-OL 606 (Mad) a slight irregularity in the proceedings carried out by the AO can provide a cause of…
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Today's
In no way the AO has power to question arm’s length pricing in unrelated party transactions ......Read More
Yesterday's House purchase exemption ......Read More
Yesterday's House purchase exemption ......Read More
Letting out open land
The Tribunal in 27ITR (Trib)- OL 1 held that rent derived from open land would be assessable under the head other…
......Read MoreTPO crossing lines
In the Nike case reported at (2022] 27 ITR (Trib)-OL 322 (ITAT[Bang] the Transfer Pricing Officer took the view that the…
......Read MoreHow to classify Dividend and interest incomes
Dividend and interest incomes are classified under the head income from other sources as per Act. There can be a…
......Read MoreDelay in approaching High Court
Tax matters that crop up for complete lack of jurisdiction are better fought before jurisdictional Courts as even delay in…
......Read Moremachinery spares/tools vs enduring benefit test
In judging the capital or revenue character of expenditure on tools or machinery spares the Tribunal in [2022] 27 ITR (Trib)-OL…
......Read MoreNew colour to provider of ‘education’ and its definition
By the crux of the decision of the Calcutta high court in [2022] 443 ITR 173 – (Cal)-CREATIVE MUSEUM DESIGNERS…
......Read MorePower to correct errors committed by assessee
Often taxpayers omit or miss out reliefs or benefits available to them under the law and sometimes they even miss…
......Read MoreFAILURE TO CONSIDER ASSESSEE’S SUBMISSIONS- ORDER DISPOSING OF ITS OBJECTIONS QUASHED
Vide [2022] 443 ITR 191 (Del) an order passed by the AO in disposing of objections against reopening which when does…
......Read MoreCardinals of tax filing
Those who invests in assets such as immovable property, shares, loans, deposits in bank in the name of children and…
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