In no way the AO has power to question arm’s length pricing in unrelated party transactions
Quoting from 288 ITR 1 (SC)- S. A. Builders Ltd.‘s case the Delhi bench of ITAT in UK INDIA BUSINESS…
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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
Provision for doubtful debts is held admissible deduction u/s36(1)(vii)
By a landmark decision of the ITAT rendered in (2024] 120 ITR (Trib) 295 (ITAT[Bang]) it is held that where…
......Read MoreOral advice
In the case citation [2005] 275 ITR 491 (Mad) the assessee incurred consultancy expenditure for subscribing to “News Bulletin”/ “Information…
......Read MoreNew principle invented w.r.t allowance of business deduction – apprehension of company
In a strange case that came before Hon’ble Gujrat High Court, one fertiliser company in tax report [2024] 470 ITR…
......Read MoreOld disputes on Additional depreciation gaining in favour of taxpayer
Before 2016 amendment there have been instances of positions taken by the department in some cases that carry forward of…
......Read More✍️ Depreciation red flag🚩
For having registered motor car in the name of director even while showing it as part of fixed assets the…
......Read MoreLoan waivers – another controversy
Pune bench in (2023] 106 ITR (Trib) 342 (ITAT[Pune) in a transaction of negotiated settlement of borrowing in the case of real…
......Read MoreRule 8D(2) is no less a “guess estimate”
The company in H. T. MEDIA LTD. Case [2023] 22 ITR-OL 230 (Del) suo motu apportioned total salary cost of…
......Read MoreExpenses to defend disciplinary proceedings , defamation cases etc.
The case before Madras High Court in [1976] 104 ITR 458 (Mad) pertained to a company which paid to its…
......Read MoreRenovation of convention centre
In [2023] 21 ITR-OL 613 (Ker) hotel meridian spent Rs. 7,13,89,107 for full scale renovation of their Convention Centre which has been…
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