Business Expenditure
In The Case of CIT V. Tian House Service Ltd. (109TaX82) the board of directors of the assessee company resolved…
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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
Dividend & Interest Income
The Madras High Court in the case of CIT v. West Coast Electric Supplies Corpn. Ltd. (109TAX54) reversed the decision…
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In the case of CIT v. J.V. Gupta & Soons(HUF) (109TAX49) the assessing officer assessed amount received as salary…
......Read MoreRemission or Cessation of Trading Liability
Before the Kerala High Court in the case of CIT v. Kesaria Tea Co. Ltd. (109TAX44) there was a case…
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The Ahmedabad Bench of the Tribunal in the case of DCIT v. Gujarat Filaments Ltd. (108TAX287) held that the assessing…
......Read MorePrinciples of Natural Justice
1.Principle of Res Judicata It is generally practiced that each assessment year is unit in itself and thus not…
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The Ahmedabad Bench of the ITAT in the case of Vipinchandra V. Bavisi v. ACIT (108TAX249) held that amount received…
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Following the Apex Court ruling in the case of CIT v, P. J. Chemicals Ltd. (210ITR830) the Bombay High Court…
......Read MoreGround for reopening cases
More than one Court in the case of CWT v. C. Seshachalam Chetty (108TAX570) , 101DTR244,209, 393ITR658 have held that…
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