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

Predeposit prescriptions by DHC

ByCA Gopal Nathani

Apr 15, 2024

The Delhi High Court in (2024] 470 ITR 493 (Del) held that :

A. there is no predeposit prescription requiring deposit of tax as a pre condition for grant of stay.

B. pending application for stay and its disposal considering factors such as prima facie case, undue hardship and likelihood of success, no adjustment of refund can be made against disputed demand.