Keeping matters in abeyance is a lost exercise
By and large it is now settled that Commissioner (Appeals) or the Tribunal or the Court is not obliged to…
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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
Gratuity fund cobtribution held inadmissible for want of approval of deed of variation
In the absence of approval to deed of variation the contribution made to Employees Group Gratuity Funds held inadmissible in NATIONAL…
......Read MoreFailure to comply with the direction of the tribunal lead to annulling assessment
Here is a landmark ruling from a landmark judge DR. MS. ANITA SUMANTH J. of the Madras High Court in KALAIGNAR TV PVT.…
......Read MoreEducation for all by all
Here is a labour intensive company in the case reported at (2022] 29 ITR (Trib)-OL 602 (ITAT[Chen]) which has in its…
......Read Moreservice of draft assessment order and final show cause notice
The Madras High court in (2022] 449 ITR 351 (Mad) held that the requirement of show-cause notice/draft assessment order is mandatory…
......Read MoreUnregistered purchase/sale of land is a valid transaction for income tax
In the matter of grant of capital gains exemption u/54B with respect to back to back sale with purchase of…
......Read MoreSupreme Court dicta on charities need fine tuning
In the context of a charities engaged in an object of general public utility the Supreme Court in (2022] 449…
......Read MoreNo TDS on Export commission
Finally in a decision rendered by the Supreme Court in Vedanta ( Bby) and MATRIX CLOTHING PVT. LTD. (Del) case [2022] 448 ITR…
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