Guess inquiry at the instance of Commissioner
Because of the meticulous keeping of cash book by a credit co-operative society in (2023] 32 ITR (Trib)-OL 378 (ITAT[Bang])…
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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
Rule 8D(2) is no less a “guess estimate”
The company in H. T. MEDIA LTD. Case [2023] 22 ITR-OL 230 (Del) suo motu apportioned total salary cost of…
......Read MoreExpenses to defend disciplinary proceedings , defamation cases etc.
The case before Madras High Court in [1976] 104 ITR 458 (Mad) pertained to a company which paid to its…
......Read MoreGrand onus upon AO in 68/69 series sections
In (2023] 105 ITR (Trib) 610 (ITAT[Amrit]) the assessee claimed to have received excess sale consideration on sale of agricultural…
......Read Moreindependent inquiry and independent mind application
In the previous system of reopening action the AO initiation solely on the basis of some information received from fellow officer…
......Read MoreRight to withdraw applications, appeal etc
In the tax report (2023] 22 ITR-OL 198 (MP) it is held that it is trite law that whenever a…
......Read MoreWHETHER ASSESSEE CAN RESILE FROM MOST APPROPRIATE METHOD ADOPTED IN ITS TP REPORT
The transfer pricing report and the most appropriate method adopted by the assessee is not sacrosanct and may require a…
......Read MoreShare application money pending allotment
Before the Tribunal in [2023] 32 ITR (Trib)-OL 253 (ITAT[Mum]) the bench had to decide whether the share application money…
......Read MoreWhether the appellate Court or Tribunal can admit alternative claim in appeal ?
The Calcutta High Court in Roma Gupta case @ (2016] 385 ITR 663 (Cal) was confronted with an appeal by…
......Read MoreTax Terrorism
Even before the closing time limit of filing the reply in response to notice , the assessment orders were passed…
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