TPO Activism
Vide Case Reference: [2022] 447 ITR 585 (All) the instructions issued by the board u/s 119 need to be implemented…
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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
Department has no authority to withhold credit of TDS deductions- this SC decision unfolds the crucial connect between TDS compliance and penalty
At source amount of deduction of tax has a purpose to release it to the account of deductee immediately upon…
......Read MoreMis-utilisation of funds may risk exemption
Income-tax is a welfare legislation for it provides exemptions to charitable trusts etc. However all said and done charity and…
......Read MoreJurisdiction basis
Under the law the AO would get jurisdiction over the return of income filed by the assessee only upon service…
......Read MoreDomain name Regd , web hosting and sponsorship fee
Domain name registration and web hosting are not covered in royalty ambit. Likewise sponsorship fees for hosting conference is not…
......Read MoreSocial media posts
Some social media posts these days mention that starting AY 2023-24 , the income tax department will conduct the strictest…
......Read MoreHow to fight a case for stay of demand ?
In a demand case scenario all these years the taxpayer move the Assessing Officer as well the Principal Commissioner simultaneously.…
......Read MoreTaxpayer’s Stand Caution
Courts may be helpless if the assessee does not update his account on the tax portal for email address and…
......Read MoreDuty of AO in the conduct of reassessment
In the matters of reopening the AO is duty bound to provide copy of the satisfaction note and order of the…
......Read MoreAffidavits may provide shelter in certain situations during assessments
Sometimes an affidavit sworn on oath could serve as good and proper material when bills or proofs in support of…
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