Software Payments and equalisation levy
The Delhi High Court in their latest in [2021] 431 ITR 136 (Del) held that the consideration received by the…
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Today's
54F exemption is protected even in multiple ownership of residential properties ......Read More
Yesterday's Club expenditure ......Read More
Yesterday's Club expenditure ......Read More
Goodwill depreciation – how far appropriate to amend opening block
Notes on clauses 7 and 18 under statement of objects make out a case for treating goodwill as non depreciable…
......Read MoreBudget take off – Right to appeal
Any reassessment before being initiated has to run through a preliminary inquiry and an order is to be made in…
......Read MoreQuestion of stay – What is a speaking order?
Vide [2021] 17 ITR-OL 66 (Kar) it is incumbent on the Principal Commissioner of Income-tax to decide on the application…
......Read MoreNo tax withholding on Export commission
The Kerala High Court in [2021] 17 ITR-OL 69 (Ker) read into the expanded scope of section 5(2) to the…
......Read MoreWhen the power of remand can be exercised?
In a penny stock companies case [2021] 17 ITR-OL 86 (Mad)both the AO and CIT (A) are found to have…
......Read MoreAdditional ground- legal contentions
Vide [2020] 21 ITR (Trib)-OL 1 the Delhi ITAT held that where an issue raised by the assessee is purely…
......Read MoreLoss on sale of depreciation assets is held deductible under head business- Deeming provisions reread
In a landmark ruling the Madras High Court in [2021] 17 ITR-OL 12 (Mad) held that an assessee is entitled to…
......Read MoreAd hoc disallowance of the expenditure upheld
In the case of T ATA COFFEE LIMITED ( 2021] 17 ITR-OL 1 (Kar) the assesses suffered disallowance out of entertainment,…
......Read MoreCorpus donation
The Delhi High Court in [2013] 1 ITR-OL 512 (Del) held that where a charitable organization received donations towards its…
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