Whether the appellate Court or Tribunal can admit alternative claim in appeal ?
The Calcutta High Court in Roma Gupta case @ (2016] 385 ITR 663 (Cal) was confronted with an appeal by…
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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
Tax Terrorism
Even before the closing time limit of filing the reply in response to notice , the assessment orders were passed…
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Vide Case Reference: [2022] 447 ITR 585 (All) the instructions issued by the board u/s 119 need to be implemented…
......Read MoreDepartment has no authority to withhold credit of TDS deductions- this SC decision unfolds the crucial connect between TDS compliance and penalty
At source amount of deduction of tax has a purpose to release it to the account of deductee immediately upon…
......Read MoreMis-utilisation of funds may risk exemption
Income-tax is a welfare legislation for it provides exemptions to charitable trusts etc. However all said and done charity and…
......Read MoreJurisdiction basis
Under the law the AO would get jurisdiction over the return of income filed by the assessee only upon service…
......Read MoreDomain name Regd , web hosting and sponsorship fee
Domain name registration and web hosting are not covered in royalty ambit. Likewise sponsorship fees for hosting conference is not…
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