April 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

Business
Provision for doubtful debts is held admissible deduction u/s36(1)(vii) ......Read More

Yesterday's

Appeals
Total Irony ......Read More

Refund

Predeposit prescriptions by DHC

Apr 15, 2024 CA Gopal Nathani

The Delhi High Court in (2024] 470 ITR 493 (Del) held that : A. there is no predeposit prescription requiring…

NR/DTAA/MLI

Huge stakes plus suspense w.r.t. tds defaults qua non -resident payments

Apr 13, 2024 CA Gopal Nathani

It is sad that there is no specific period of limitation prescribed for ini tiating action in consequence of any…

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Month: April 2024

Predeposit prescriptions by DHC

Huge stakes plus suspense w.r.t. tds defaults qua non -resident payments