Deduction u/s 80I/80IA/80HH- Gross or Net
In the case of CIT v. Canara Workshop Pvt. Ltd. (161ITR320) the Apex Court clearly stated that the principle laid…
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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
Deduction of Tax At Source Check Points in Discharge of Responsibility of Tax Deduction at Source
The Rajkot Bench of the Tribunal in the case of Essar Oil Ltd. vs. Income-tax Officer (77ITD92) point out to…
......Read MoreExport Profits Deduction-Treatment of Other Incomes
Once again the Bombay High Court in the case of CIT v. S G Jhaveri Consultancy Ltd. (119TAX735) held that…
......Read MoreDeduction of tax at source Failure to deduct tax – Case of no loss to revenue
In the case of CIT v. Rishikesh Apartments Co-op. Housing Society Ltd. (119TAX239) the assessee failed to deduct tax u/s…
......Read MoreDeduction of tax at source Packing Material Purchase
The Pune Bench of the ITAT in the case of Wadilal Dairy International Ltd. ACIT (2001) 118TAX141 held that where…
......Read MoreStatutory Deductions- Admissible Even in Absence of Specific Claim
In the earlier law there was a provision that where there are no profits or gains made for an assessment…
......Read MoreAmalgamation expenses are allowable deduction
The Gujarat High Court in CIT v. Akme Electronics & Control (P.) Ltd. (2004) 137TAX263 allowed deduction of legal expenses…
......Read MoreTransfer of incorporeal rights – Eligible for section 80HHC Deduction
In Abdulgafar A Nadiadwala v. Asstt. CIT (2004) 137TAX112 the assessee transferred overseas film telecasting rights for a period of…
......Read MoreDeduction u/s 80HHC in MAT Scenario- Legislative Intent
The manner of computation of deduction u/s 80HHC for export profits earned is often a core of contention between an…
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