Accrual Concept under Income tax Act- Lesson to the Revenue
In Narasu Pictures Circuit (Pvt.) Ltd. Vs. Commissioner of Income-tax (80ITR82) the assessee showed commission received from a sister concern…
......Read More
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
Tax Free Incomes In Business- Fate of Related Expenditure
In CIT v. Indian Bank Ltd. [1965] 56 ITR 77 (SC), the assessee had income from interest on securities, both…
......Read MoreDeduction u/s 80HHC in MAT Scenario- Legislative Intent
The manner of computation of deduction u/s 80HHC for export profits earned is often a core of contention between an…
......Read MoreTime factor concept- A Rational Angle
Capital gains can enjoy income tax exemptions where proceeds are reinvested in specified assets within prescribed period. Often the assessee…
......Read More