The 20% payment condition for grant of stay is no hard and fast rule
In the matters of recovery of demands the Telangana High Court in [2023] 457 ITR 560 (Telangana) taking note of…
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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
Mandate of s 68
Section 68 provisions is most common to every income tax assessment where the AO could seek confirmation and explanation on…
......Read Moreamendment of claim at assessment stage is permissible
The assessee with co-generation captive power division using bio fuel advantage,offered an amount as revenue receipt in return and went…
......Read MoreDirectors of NCLT lead companies held accountable for tax arrears of companies
Section 179 provide for recovery of taxes from directors in the event of no recovery possibilities from the company. Taking…
......Read MoreRevised return capping – a statutory handicap
The income tax return once filed can be revised for any missing claims or deductions no later than three months…
......Read MoreDiscard Form 10F (eform) requirement for unhindered foreign payments
2023 155 taxmann.com 103 (Article)
......Read MoreRevenue has no authority to change stands
An appeal is a continuation of assessment proceedings. On the question whether payments for interconnect services and bandwidth transfer in…
......Read MoreDuty of taxpayer
The Kerala High Court in Koduvayur Constructions v. Assistant Commissioner-Works Contract [WP(C) No. 21212 of 2023] dated 7 August 2023…
......Read MoreLoan waivers – another controversy
Pune bench in (2023] 106 ITR (Trib) 342 (ITAT[Pune) in a transaction of negotiated settlement of borrowing in the case of real…
......Read MoreNotional Provisions are not taxable even if so appearing in 26AS
Only because the other party has made a notional provision in its books and made a deduction of tax and…
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