Golden rules of taxation
Consult your CA earlier than later File return of income disclosing true income in time Offer to tax each and…
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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
Rate change in taxation of Royalty/Fees for Technical Services (FTS) is truly Unfair and Illegitimate – Unnecessary amendment in s. 115A- Time to reduce rates in the treaty and renegotiate them boldly
The Finance Bill 2013 memorandum read out the amendment in s.115A as under: Section 115A of the Income-tax Act…
......Read MoreWhether it is fair to revise an assessment in a mechanical manner for lack of enquiry by the AO in the absence of any clear mandate in the Act?
Non-conduct of proper enquiry renders the order erroneous and prejudicial to the interests of the Revenue. In more than one…
......Read MoreMAT assessments for A Y 2001-02 and 2002-03- interest charged u/s 234B/C may be reclaimed- Retrospective amendment cannot place such burden
At one point in time the Karnataka High Court in Kwality Biscuits Ltd. v. Commissioner of Income-tax (2000) 243ITR519 held…
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