Huge stakes plus suspense w.r.t. tds defaults qua non -resident payments
It is sad that there is no specific period of limitation prescribed for ini tiating action in consequence of any…
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Today's
Provision for doubtful debts is held admissible deduction u/s36(1)(vii) ......Read More
Yesterday's Total Irony ......Read More
Yesterday's Total Irony ......Read More
Cut and paste reopening
The AO cannot merely do a cut and paste job and go by previous case history for reopening the assessment…
......Read MoreHasty action by Commissioner
In the report titled (2024] 117 ITR (Trib) 683 (ITAT[Surat] the poor taxpayer had to face the agony of Commissioner’s…
......Read MoreNew principle invented w.r.t allowance of business deduction – apprehension of company
In a strange case that came before Hon’ble Gujrat High Court, one fertiliser company in tax report [2024] 470 ITR…
......Read MoreNOTICE SOLELY ON AUDIT OBJECTION WITHOUT INDEPENDENT APPLICATION OF MIND
Reopening a closed assessment is a serious business and therefore ought to meet all the tests of reopening. The Supreme…
......Read MoreNew window opened January 1 to file/update return for AY 2023-24 with additional 25% taxes
For those who missed out December 31 deadline to file/ revise file taxes for AY 2023-24 here is another opportunity…
......Read MoreTaxes are as certain as death
There is no provision in the law for stop filing of return ! The clock stops only with the death…
......Read More31 DECEMBER 2023
Is also a last opportunity to taxpayers to revise their income tax returns for AY 2023-24 if and only if…
......Read MoreScope of judicial review in search matters
In search matters it is a settled law that the court cannot go into the sufficiency or adequacy of reasons…
......Read MoreDecember Reminder for advance tax
If you are a taxpayer this year and you expect a tax liability at the end of the current financial…
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