Wrangle over capital and revenue expenditure
Capital expenditure is not admissible as deduction under the income tax Act unless otherwise so stated in the Act. For…
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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
Vodafone verdict dictate an opportunity for the India
Uncertainly of law is often been a matter of debate and discussion but it is for the first time ever…
......Read MoreVodafone ruling- win-win for assessee and revenue- Revenue has every reason to cheer as well
The High Court in their ruling in Vodafone International Holdings B. V. v. Union of India (2010) 329ITR126 dated 08.09.2010…
......Read MoreGoing concern basis of reporting in a Start-up Enterprise
Under section 134 (5) of the Companies Act 2013 it is desirable as part of the responsibility statement for the…
......Read MoreTransfer PricingRewind 2013
The transfer pricing regulations accompanied by ever changing and increased enforcement activities worldwide for rising volume and variety of intercompany…
......Read MoreBombay- Vodafone India Services Pvt. Ltd. – 359ITR133
92CA deals with provision for reference to TPO for computation of arms length price in relation to an international transactions.…
......Read MoreTax Due Diligence
March 31, 2019 is the last possible date to make up for any omissions in the income tax return filed…
......Read MoreSubstantial expansion by units set up in the State of Himachal Pradesh or the State of Uttaranchal- substantial advantage bestowed by SC
original storyline Vide section 80-IC if between January 7, 2003 and April 1, 2012, a “unit” has “begun” or “begins”…
......Read MoreSearch and Survey
Rule of Legal Presumption Section 292C of the Income tax Act 1961 provides where books of account, other documents, money…
......Read MoreCapital gains transaction planning
Under the law it is not a requisite under section 54 of the Income tax Act that purchase of residential…
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