No double taxation no double recovery
In the matters of TDS deduction there is always a grey area for the payer whether to deduct or not…
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Today's
Not filing return may trigger notice ......Read More
Yesterday's Issue of notice at email address not in use and one belonging to old CA ......Read More
Yesterday's Issue of notice at email address not in use and one belonging to old CA ......Read More
Brand valuation before conversion of partnership firm into private limited company
In [2022] 29 ITR (Trib)-OL 602 (ITAT[Chen]) the assessee company is held eligible for claim of depreciation on brand value…
......Read MoreGatecrashing residential premises in the garb of survey- when warranted
Survey of residential premises- [2023] 150 taxmann.com 287 (Article)
......Read Morecaveat/precondition to 148/148A
Dr. Anita Sumanth J in her ruling in [2023] 450 ITR 568 (Mad) while dealing with the contextual relevance of the…
......Read MoreStay-High pitched assessment case
A typographical error in mention of exemption section lead to a high pitched assessment in [2023] 451 ITR 77 (Bom). As…
......Read MoreFictitious Cash sales
The SC while dismissing the SLP in [2023] 453 ITR 754 (SC)held that merely because the sales tax authorities have accepted cash…
......Read MoreWhether there is any bar to income tax survey at residential premises!
There is a common notion that power to conduct income tax survey is limited to the business premises. In an…
......Read MoreIn a scenario of mechanical approval
By the provisions of section 153A /153D approval is to be obtained by the Assessing Officer on the draft assessment…
......Read MoreS.54 exemption at risk in multiple floors scenario
In a limited scrutiny case of section 54 exemption inspection of newly acquired property was initiated by the AO. Upon…
......Read MoreCash deposits
Pursuant to demonetisation ordinance in 1946 a husband and wife submitted High denomination notes in their respective names in [1953]…
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