A Classic example of Perversity
Dictionary meaning An order that suffers from perversity is bound to fail in the ultimate test before Supreme Court.…
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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
Assessment proceedings – Revised computation without revised ITR- Pragmatic View versus Technical Considerations
In a situation where a deduction is not claimed in the return but claimed by filing a revised computation…
......Read MoreWithdrawal of claim by letter- Not a case of revised return- Amitabh Bachchan Case fallout
It is an acceptable law that a letter or application to the Assessing Officer requesting for either adding some…
......Read MoreHard hitting advisory on TDS non-compliance- Reliance case judgment- Penalty and prosecution absolute
Case of default in deposit of TDS In a hard hitting judgment of the Bombay High Court in Reliance…
......Read MoreWhether repayments of housing loan qualify for deduction u/s 80C prior to obtaining possession?
Among several avenues of investments that qualify for deduction u/s 80C clause (xviii) of sub-section (2) of section 80C provide…
......Read MoreS.54EC amendment- Removal of Ambiguity- Bad News or Good News
Of all those who are going to make a claim for exemption u/s 54EC of Rs. 1 crore in…
......Read MoreSEZ Income Deduction u/s 10AA- Not So Controversial
The manner of computation of allowance of deductions u/s 10A, 10AA, 10B and 10BA under Chapter III of…
......Read More2G Spectrum allotment –Presumptive loss of 176,645 crore (US$33.56 billion)??- 2/2/12 Supreme Court ruling a boon for revenue
The Supreme Court in their recent ruling in Centre of Public Interest Litigation and others v. Union of India…
......Read MoreBusiness autonomy at crossroads
The frightening headlines At a time when growth is slowing, productivity gains are fading and digital pressures are on the…
......Read MoreDeduction of Tax at Source- CA Certificate – Whether a safeguard against penalty?
Scheme of tax deduction at source on payments to Non-residents Under section 195 of the Income tax Act, 1961 there…
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