Businessmen point of view is key to the determination of head of income
In the taxation of rental incomes the High Court of HP in (2023] 21 ITR-OL 624 (HP) held that the businessmen…
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Today's
Directors of NCLT lead companies held accountable for tax arrears of companies ......Read More
Yesterday's Revised return capping – a statutory handicap ......Read More
Yesterday's Revised return capping – a statutory handicap ......Read More
Additional window of opportunity for taxpayers
The Jodhpur bench of the Tribunal in (2023] 103 ITR (Trib) 388 (ITAT[Jodh] in allowing the miscellaneous application held that non-adjudication…
......Read MoreNo writ remedy for error of fact
Before the High Court in (2023] 453 ITR 150 (P&H) the petitioner challenged the order u/s148A (d) stating that the stand…
......Read MoreBenami property provisional attachments
The High Court in (2023] 21 ITR-OL 509 (Mad) declined to interfere with the provisional attachment order made by the Dy…
......Read MoreNew procedure
The High Court upon their reference to Apex Court decision in Union of India v. Ashish Agarwal [2022] 444 ITR…
......Read MoreRetraction of statements recorded under section 132(4) ought to be immediate, finally rules Supreme Court
A search by the income tax party is followed by recording of statement u/s 132 (4) of persons searched. …
......Read MoreSlip up in Proviso to Section 201(1) and Form 26A
2023 149 taxmann.com 256 (Article) (00000002)
......Read MoreUrgent need for issue of an instruction by CBDT for blanket stay in section 263 bound assessments
Section 263 empower commissioner of income tax to order for fresh assessment or revision of previous assessment framed provided such…
......Read MoreLoss from Writing off investments in subsidiary to promote top line is admissible under law
Where the assessee company makes investment in its 100 per cent. subsidiary for extension of business marked by additional capacities in…
......Read MoreBar on direct demand against Deductee – Jus in re
[2023] 149 taxmann.com 134 (Article)
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