Total Irony
There are two adjoining sections 263 and 264. Whereas section 263 deal with orders prejudicial to the interest of revenue…
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Today's
In no way the AO has power to question arm’s length pricing in unrelated party transactions ......Read More
Yesterday's House purchase exemption ......Read More
Yesterday's House purchase exemption ......Read More
Jharkhand High Court pointers to taxpayers
In dismissing writ of TELCO CO-OPERATIVE SOCIETY LTD. in (2024] 471 ITR 285 (Jhar)it is held desirable under the law…
......Read MoreHasty action by Commissioner
In the report titled (2024] 117 ITR (Trib) 683 (ITAT[Surat] the poor taxpayer had to face the agony of Commissioner’s…
......Read MoreAppeal and cross appeals to be heard and decided together
In setting a direct and binding precedence for Income Tax Appellate Tribunal the Bombay High Court in Linklaters case (2023)…
......Read Moreamendment of claim at assessment stage is permissible
The assessee with co-generation captive power division using bio fuel advantage,offered an amount as revenue receipt in return and went…
......Read MoreRevenue has no authority to change stands
An appeal is a continuation of assessment proceedings. On the question whether payments for interconnect services and bandwidth transfer in…
......Read MoreGuess inquiry at the instance of Commissioner
Because of the meticulous keeping of cash book by a credit co-operative society in (2023] 32 ITR (Trib)-OL 378 (ITAT[Bang])…
......Read MoreRight to withdraw applications, appeal etc
In the tax report (2023] 22 ITR-OL 198 (MP) it is held that it is trite law that whenever a…
......Read MoreWhether the appellate Court or Tribunal can admit alternative claim in appeal ?
The Calcutta High Court in Roma Gupta case @ (2016] 385 ITR 663 (Cal) was confronted with an appeal by…
......Read MoreJurisdiction can be a million dollar question
Jurisdiction subject could play notchy sometimes. In (2023] 31 ITR (Trib)-OL 629 (ITAT[Mum]) the taxpayer successfully cracked the assessment on…
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