Estimation of income is a prerequisite for 148A process
The Cuttack bench of the Tribunal in [2023] 102 ITR (Trib) 701 (ITAT[Ctk]) held that as the reasons recorded does…
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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
Delayed actions invite penalty under the law
Whereas a right to substitute an incorrect return with a correct and complete return is given to an assessee by…
......Read MoreCPC at default
By the Delhi Tribunal pathbreaking decision in (2023] 102 ITR (Trib) 399 (ITAT[Del]) the taxpayer is required to be put…
......Read MoreAssess notice for missing-out jurisdiction , incorrect address
Notice received from X ward instead of Y ward can ruin the assessment order sometimes. In (2023] 102 ITR (Trib)…
......Read MoreCapital vs revenue – whether treatment in accounts can be the deciding factor!
Having capitalised an expense in the books there could arise a difficulty to further claim it deductible expenditure u/s37. In…
......Read MoreAbuse to “ease of doing business”policy of GOI- contempt case
A ruling of the tribunal in Flipkart Online Services Pvt. Ltd. Case (2018] 92 taxmann.com 387 (Bangalore – Trib.)/[2018] 64…
......Read Morereimbursement of charges is not subject to tax in India
In the matter before Tribunal in (2023] 30 ITR (Trib)-OL 720 (ITAT[Bang] the case involved the question of withholding of…
......Read Moretaxability of receipts from sale of online advertisement space- royalty or EL
The Tribunal in [2023] 30 ITR (Trib)-OL 210 (ITAT[Bang]) gave a green flag chit to Google from royalty tax on revenues…
......Read MoreDuties of the officers of the department
An omission to make a claim for deduction can be made good by way of revised return else this could…
......Read MoreRetrospective explanations cannot burden tax deductor
Section 9 has been amended from time to time expanding definition of royalty on retrospective basis. Though this may bring…
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