Fictitious Cash sales
The SC while dismissing the SLP in [2023] 453 ITR 754 (SC)held that merely because the sales tax authorities have accepted cash…
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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
Whether there is any bar to income tax survey at residential premises!
There is a common notion that power to conduct income tax survey is limited to the business premises. In an…
......Read MoreIn a scenario of mechanical approval
By the provisions of section 153A /153D approval is to be obtained by the Assessing Officer on the draft assessment…
......Read MoreS.54 exemption at risk in multiple floors scenario
In a limited scrutiny case of section 54 exemption inspection of newly acquired property was initiated by the AO. Upon…
......Read MoreCash deposits
Pursuant to demonetisation ordinance in 1946 a husband and wife submitted High denomination notes in their respective names in [1953]…
......Read MoreBusinessmen point of view is key to the determination of head of income
In the taxation of rental incomes the High Court of HP in (2023] 21 ITR-OL 624 (HP) held that the businessmen…
......Read MoreAdditional window of opportunity for taxpayers
The Jodhpur bench of the Tribunal in (2023] 103 ITR (Trib) 388 (ITAT[Jodh] in allowing the miscellaneous application held that non-adjudication…
......Read MoreNo writ remedy for error of fact
Before the High Court in (2023] 453 ITR 150 (P&H) the petitioner challenged the order u/s148A (d) stating that the stand…
......Read MoreBenami property provisional attachments
The High Court in (2023] 21 ITR-OL 509 (Mad) declined to interfere with the provisional attachment order made by the Dy…
......Read MoreNew procedure
The High Court upon their reference to Apex Court decision in Union of India v. Ashish Agarwal [2022] 444 ITR…
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