A Daunting ruling of AAR for suppressing facts
Even while dismissing the 2012 application by a Mauritius entity as nonmaintainable the Authority for Advance Ruling in[2021] 435 ITR…
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Today's
Unwarranted additions- Need for Provision to Annex Computation of Income and Supporting Notes with ITR and Tax Audit Report ......Read More
Yesterday's 54F exemption is protected even in multiple ownership of residential properties ......Read More
Yesterday's 54F exemption is protected even in multiple ownership of residential properties ......Read More
Disaster for the assessee
Even when the High Court in [2021] 435 ITR 533 (Mad) formed a view that the invocation of section 148/147…
......Read MoreAO can now take refuge under reconceptualized escapement of income
Even when we are being critical of and debating the subject of the jurisdiction of the AO for procedural changes…
......Read MoreEscapement of income redefined
Even when we are debating on the subject of the jurisdiction of the AO for procedural changes brought by FA…
......Read MoreNo WITHHOLDING OF REFUND without prior hearing
The Delhi High Court in [2021] 18 ITR-OL 1 (Del) in their landmark order issued constructive ease of doing business…
......Read MoreFresh claims before ITAT
The ITAT has powers to entertain fresh claims even when one misses on a claim in the return , reaffirms…
......Read MoreFresh claims
The Commissioner of Income-tax (Appeals) has powers to entertain fresh claims even when one misses on a claim in the…
......Read MoreCPC manner of mechanised set off of refunds against pending demand decried
The High Court in [2021] 435 ITR 129 (Bom) reminded the department of the caution to be exercised in the…
......Read MoreTrade practice barometer
When once admitted that the payment of speed money is a trade practice which is followed by the shipping agents…
......Read MoreHigh value additions
High-value Additions made on uncorroborated and untested statements of third parties ought to stay as held by Bombay High Court…
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