May 2025 – 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
Club expenditure ......Read More

Yesterday's

Exemptions
Profiteering is not permissible in the field of professional/educational courses ......Read More

Assessment

Right to reason HP Court pointer to flaw in section 148A

May 28, 2025 CA Gopal Nathani

Ss (3) of section 148Astates that the Assessing Officer shall, on the basis of material available on record and taking…

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Month: May 2025

Right to reason HP Court pointer to flaw in section 148A