Retraction of statements recorded under section 132(4) ought to be immediate, finally rules Supreme Court
A search by the income tax party is followed by recording of statement u/s 132 (4) of persons searched. …
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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
Slip up in Proviso to Section 201(1) and Form 26A
2023 149 taxmann.com 256 (Article) (00000002)
......Read MoreUrgent need for issue of an instruction by CBDT for blanket stay in section 263 bound assessments
Section 263 empower commissioner of income tax to order for fresh assessment or revision of previous assessment framed provided such…
......Read MoreLoss from Writing off investments in subsidiary to promote top line is admissible under law
Where the assessee company makes investment in its 100 per cent. subsidiary for extension of business marked by additional capacities in…
......Read MoreBar on direct demand against Deductee – Jus in re
[2023] 149 taxmann.com 134 (Article)
......Read MoreEyewash proviso
In a case of transaction of purchase of immovable property from a non resident it is mandatory to deduct tax…
......Read MoreBig fat weddings
Destination wedding are not uncommon these days some of which are quite on a fat scale. In the run up…
......Read MoreDelhi High Court to the rescue of salaried employees
The Delhi High Court in a landmark decision in [2023] 452 ITR 107 (Del) provided relief to an ex-kingfisher airlines employee…
......Read MorePRINCIPLE OF CONSISTENCY MUST BE FOLLOWED and APPLIED
Assessments are governed by certain rules. Rule of consistency is one such rule. The Delhi High Court in [2023] 452…
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