January 2024 – Daily Tax Reporter

1

Commissioner (A) is not empowered to enhance income a new source of income vide 82ITR 9Trib) 176
1

It is assessee’s choice to select a method for determining FMV of shares vide 81 ITR (Trib) (SN) 78
1

No TP adjustment of trade receivables in case of a debt-free company vide 81ITR (Trib) (SN) 94
1

To accord registration as a charitable institution under income tax dominant purpose must be charitable and satisfies the conditions laid down us 2(15) vide 426ITR108 despite having non charitable ancillary objects meant to achieve the dominant purpose
1

Transactions with dubious entities is reason enough for case reopening vide 421ITR624

Today's

TDS
TDS ......Read More

Yesterday's

NR/DTAA/MLI
Not filing return may trigger notice ......Read More

Assessment

Reopening a closed assessment is a serious business and therefore ought to meet all the tests of reopening. The Supreme…

Return

For those who missed out December 31 deadline to file/ revise file taxes for AY 2023-24 here is another opportunity…

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Month: January 2024