In [2025] 176 taxmann.com 470 (Calcutta) Britannia Industries acquired land and building from Bombay Dyeing at a price significantly lower…
......Read MoreOn the basis of explanations regarding nature and use of various properties held by the assessee the tax officer in…
......Read MoreReporting items in tax audit report by the tax auditor could invite default disallowance. It so happened that the tax…
......Read MoreRecently the Delhi High Court came heavy on capitation fee collected for professional/educational courses. In refusing to grant exemption to…
......Read MoreRule of consistency clearly do not play much role in the matter of claim for deduction of business expenditure in…
......Read MoreAny instance of diversion of bank loan can lend the entire case to income tax scrutiny. The judgement in [2024]…
......Read MoreSection 54F grant exemption from capital gains from sale of capital asset other than a house ( like plot, jewellery…
......Read MoreHaving bogus or unexplained debtors in books may result in double jeopardy for a taxpayer. Taxpayers should exercise caution while…
......Read MoreIf you hold, carry, deposit, invest, borrow or receive cash but can’t conclusively explain by evidence the nature, source and…
......Read MoreThe Delhi High Court in case report [2025] 174 taxmann.com 918 (Delhi)[20-05-2025] given a clear signal that all transactions in…
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